Deutsche Securities upgraded its rating on shares of Smithfield Foods Inc. (SFD) Wednesday morning from a "Hold" to a "Buy." Smithfield Foods Inc. gapped up slightly Wednesday and climbed throughout the first half hour of trade. Shares finished up by $1.49 at $17.12 on above average volume. The stock has been rising sharply since the beginning of the week and closed at a 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.