Pinnacle Financial Partners (PNFP) is rising over 6 percent to $17.68.
Cavium, Inc. (CAVM) is falling over 5 percent to $26.90 as it lowered its fourth quarter revenue and gross margin guidance. The company said revenues have been weaker than expected across both the enterprise and service provider as well as the broadband and consumer market segments, and further exasperated by a larger than expected impact of a hub transition at one of its major customers.
Sears Holdings Corp. (SHLD) is down over 4 percent to $31.96.
Trading in shares of China Real Estate Information Corp. (CRIC) was halted. The company has entered into a definitive merger agreement with E-House relating to going private transaction.
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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.