Gainers:
Bank of America Corp. (BAC) is up 0.21% to $9.74 despite reporting a loss for its second quarter. Excluding certain mortgage-related items and other selected items, net income increased from the previous year. The company said that solid performance in its underlying businesses continues to be clouded by the costs it is absorbing from legacy mortgage issues.
International Business Machines Corp. (IBM) is rising over 1% to $178.01 based on the news that its second quarter profit increased 8% from the prior year. The company's earnings per share, excluding items, and revenue were above analysts' expectations. The company lifted its full year earnings forecast.
Cisco Systems, Inc. (CSCO) is up 0.49% to $15.51 following the news that it will eliminate nearly 6,500 jobs globally in an attempt to cut mounting costs. The networking-equipment giant has agreed to sell its Juarez, Mexico-based video equipment unit to Foxconn Technology Group, the terms of which were not disclosed.
Wynn Resorts Ltd. (WYNN) is gaining more than 2% to $169.06 as its second quarter profit more than doubled from the previous year. Net revenues increased 33%. Both earnings per share and revenues were above Wall Street estimates.
Baidu, Inc. (BIDU) is up over 1% to $149.85 amid news about an agreement with One-Stop China that allows users to download or stream music from Baidu's internet portal. OSC is a joint venture whose shareholders are Universal Music, Warner Music, and Sony Music. OSC shareholders will license to Baidu their catalogues and upcoming new releases, including Chinese songs and international tracks, which can be streamed or downloaded from Baidu's servers.
Harley-Davidson, Inc. (HOG) is up 6% to $44.12 as its second quarter earnings and revenue surged from the prior year. The company said its quarterly earnings results were led by operating income from the Motorcycles and Related Products, which grew 39.2% on higher shipment volume and operating margin improvement. The company raised its shipment forecast for 2011.
InterDigital, Inc. (IDCC) is rising 21% to $50.25 as its Board has initiated a process to explore and evaluate potential strategic alternatives for the company, which may include a sale or other transaction.
Coca-Cola Company (KO) is up 0.77% to $67.64 as it reported 18% growth in its second quarter profit, with a 47% increase in net operating revenues. The company said it remains confident in its ability to achieve long-term targets, looking ahead to 2020 and beyond.
Johnson & Johnson (JNJ) is up 0.30% to $67.29 as its second quarter adjusted net earnings increased from the year-ago period. However, profit declined from the previous year. Sales for the quarter rose 8.3%.
Decliners:
Goldman Sachs Group, Inc. (GS) is sliding 3% to $125.29 as its second quarter earnings, which increased from the previous year, were below Wall Street estimates. Net revenues were down from the year-ago period and also were below consensus.
Avery Dennison Corp. (AVY) is slumping 10% to $34.00 as it provided a weak second quarter outlook and lowered its expectations for the full year. The company attributed the weak outlook to a nearly 5% decline in unit volumes at its Pressure-sensitive Materials, and Retail Branding & Information Solutions segments.
Clorox Corp. (CLX) is down 0.74% to $72.50 as it adopted a stockholder rights plan, in response to activist investor Carl Icahn's $12.6 billion takeover bid, indicating that the offer is "neither credible nor adequate."
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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.