Wednesday, January 28, 2026 at 9:26 AM
LVMH shares dropped as much as 8% early Wednesday, and have shed more than a quarter of their value over the past year.
The casino operator’s results in the key Macao market disappointed, in part because of higher costs related to events and payroll.
Even with a stock market that is outperforming the S&P 500, Chinese shoppers aren’t flocking to luxury brands as they once did.
Falling resale values show that even the makers of the world’s most popular luxury goods are feeling a slowdown.
U.S. equity traders reacted negatively to Trump’s expected Fed chair pick, with all three major indexes slipping premarket after Asian equities closed largely down.
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