Investing.com — Stocks are rising as investors await Tuesday’s inflation report and the start of the Federal Reserve’s two-day meeting. Here are the market movers for June 12.
- Oracle Corporation (NYSE:) shares are up 6% ahead of its earnings report after tonight’s closing bell. Analysts at Wolfe Research upgraded the stock to Outperform from Peer-perform.
- Carnival Corporation (NYSE:) shares were up 13% on optimism about the recovering travel sector. Carnival caught a couple of upgrades from Wall Street analysts. Shares of other cruise operators are also rising, including Norwegian Cruise Line Holdings Ltd (NYSE:), up 8%, and Royal Caribbean Cruises Ltd (NYSE:), up 1.8%.
- Illumina Inc (NASDAQ:) shares rose 3.7% after the gene sequencing firm said its CEO had stepped down on Sunday, to be temporarily succeeded by the general counsel while it conducts a search for a new CEO.
- Plug Power Inc (NASDAQ:) shares rose 10% after the hydrogen fuel cell developer announced details of its investor day this week. CEO Andy Marsh said this year’s revenue goal was $1.4 billion.
- Inc (NASDAQ:) shares fell 11% after the exchange operator announced plans to buy software firm Adenza for about $10.5B.
