Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.

Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?

Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.

Analysts fell to the sidelines weighing in on Compagnie Financiere Richemont SA (CH:CFR – Research Report), Taylor Wimpey (GB:TW – Research

we report that there might be potential disposals of underperforming brands in Richemont's portfolio. Still, we believe this might be seen as a positive catalyst by Wall Street analysts.

In a report released today, Thomas Chauvet from Citi maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report), with

In equities, the Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13, the S&P 500 fell 12.57 points, or 0.21%, to 5,937.34 and the Nasdaq Composite fell 172.94 points, or 0.89%, to 19,338.29. In contrast, MSCI's gauge of stocks across the globe rose 1.31 points, or 0.15%, to 848.61.

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Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a mixed set of results from Louis Vuitton’s owner, LVMH. After [Burberry](

Capri Holdings faces challenges with potential exits of Versace and Jimmy Choo, impacting its luxury conglomerate ambitions. See CPRI stock is a Sell.

Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector