Lufkin Industries Inc. (LUFK) posted modest gains early Wednesday and advanced further late in the morning. The stock was range-bound throughout the afternoon, but finished higher by 2.14 at $73.70.
Lufkin Industries Inc. has been rising for the last week and a half and finished Wednesday at its sixth consecutive new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.