Investing.com -- Stocks are rising after cooler than expected inflation data for May stoked hopes for an interest rate pause by the Federal Reserve. Here are the market movers for June 13.
- Oracle Corporation (NYSE:ORCL) shares are up 1.7% after beating expectations on the most recent quarter. Cloud revenue jumped 54% in the fiscal fourth quarter, and first quarter sales are expected to rise.
- Manchester United Ltd (NYSE:MANU) shares are up 8.8% on reports that one of the bidders for the team, Qatar Sheikh Jassim Bin Hamad al-Thani, could be named the preferred bidder.
- GameStop Corp (NYSE:GME) shares were up 12% after recently named executive chairman Ryan Cohen disclosed he had raised his holdings of the video game retailer to 36.8 million shares.
- Bunge Limited (NYSE:BG) shares rose 1.7% after the agricultural company said it would combine with Viterra in an $18 billion deal to create a giant in North American crops.
- Home Depot Inc (NYSE:HD) shares were flat as executives held their investor meeting on Tuesday. The company reiterated their forecast for earnings to dip 7% to 13%.