Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index.
U.S. stocks traded sharply higher in Wednesday's final hour of trading, with the Dow Jones Industrial Average and S&P 500 headed for a third consecutive session of gains after December's CPI data sparked a relief rally.
Meanwhile in Europe, luxury stocks rocketed after a robust sales update from Cartier owner Richemont. Treasury yields edged lower after Federal Reserve governor Christopher Waller said that it is “reasonable” to think that the central bank could cut ...
Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The Fund seeks to provide investment results that correspond, before expenses, to the price and yield performance of the Dow Jones Industrial Average (the DJIA). The Fund holds a portfolio of the ...
U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average increased 0.1% ... Financiere Richemont rose 15.7% and Zalando added 15%. On the other hand, Safestore ...
Analyst Rogerio Fujimori from Stifel Nicolaus maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) and
Fears of a technical recession were stoked today by figures showing the UK barely grew in November.The 0.1% rise in GDP came in short of expectations, raising the prospect of an interest rate cut next month.
Futures on the Dow Jones Industrial Average (DJI) are pointed firmly lower, following yesterday's 703-point pop, while S&P 500 Index (SPX) futures sit flat, and Nasdaq-100 Index (NDX) futures manage a modest gain.
US markets finished lower on Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results
Luxury stocks were among the top gainers after a better-than-expected sales update from Cartier owner Richemont that eased ... Warns of Oligarchy and Tech Industrial Complex in Farewell Address ...