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.

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.

Bank of America and Morgan Stanley are due to report earnings. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Despite Chinese sales dropping 18%, Richemont reports 10% increase The ... A London-listed ETF, the Amundi S&P Global Luxury UCITS ETF UK:LUXG, jumped 4%, after a 2024 when it was basically ...

TD Cowen analyst Oliver Chen upgraded the rating on Compagnie Financiere Richemont SA (CFR – Research Report) to a Buy today, setting a price target of CHF163.00. Discover outperforming stocks ...

U.S. markets faced a downturn on Thursday as major technology stocks faltered, leading to a slip in the S&P 500 and Nasdaq indices. This decline interrupted a three-day winning streak, with investors reacting to mixed economic signals and corporate earnings reports.

The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.

Investors were excited as Cartier owner Richemont's third-quarter sales beat expectations and revived optimism for the battered sector.Company shares jumped 14%.The Swiss company's sales jumped by a tenth year-on-year to $6.

SPMO has shown resilience during the recent downturn, thanks to its high exposure to financial stocks. Click here to find out why SPMO ETF is a Hold.

The drop in Apple shares Thursday broke a three-day winning streak for the S&P, despite big banks posting upbeat earnings.

Watches of Switzerland and Burberry’s share prices climbed after Cartier-owner Richemont posted booming sales.

Of the 28 companies in the S&P 500 that have reported fourth-quarter earnings, 82.1% have exceeded estimates, according to LSEG data.