Gainers:
Cisco Systems, Inc. (CSCO) gained 9 percent to $23.04. The company's third quarter profit improved from the prior year period and its adjusted earnings per share were above Wall Street view. Net sales for the quarter rose 5.4 percent and topped the consensus estimate.
Tesla Motors, Inc. (TSLA) improved 5 percent to $89.00. The company announced its plan to sell 2.7 million shares of common stock and $450 million of convertible senior notes due 2018 in concurrent public offerings. The company expects the offerings to generate gross proceeds of approximately $830 million, which will be available for prepaying its outstanding loan from the U.S Department of Energy, pay the cost of convertible note hedge transactions and for general corporate purposes.
Dillard's Inc. (DDS) rose 3 percent to $89.00. The company's first quarter profit was higher than last year and was above Wall Street view. Net sales for the quarter remained flat, but marginally missed the consensus estimate.
Liberty Media Corp. (LMCA) was up nearly 5 percent to $133.21.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.