Magna International Inc. (MGA) shares jumped 17.85 percent, rising $10.32 to $68.14 on Friday, after the company reported better-than-expected adjusted earnings and revenue for the fourth quarter and issued fiscal 2026 guidance above Wall Street estimates. The mobility technology company posted a net loss of $1 million, or breakeven per share, compared to a profit of $203 million, or $0.71 per share, a year ago. The stock opened at $63.19, up from a previous close of $57.82, and traded between $63.01 and $68.52, on the New York Stock Exchange. The last reported bid was $67.90 for 20,000 shares, with the ask at $67.93 for 10,000 shares. Volume reached 4,065,554 shares, well above the average of 1,546,493.Shares have traded within a 52-week range of $30.39 to $68.52.
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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.