LVMH stock: Five straight down days, a tariff threat — and what traders watch next week
LVMH shares fell 2.64% to 609.20 euros in Paris Friday, marking a fifth straight decline and a 6.58% weekly drop. Europe’s luxury stocks tumbled, with the sector index down 3.2% after Richemont slid 5.4% on a downgrade. U.S. tariff threats and LVMH’s upcoming earnings are in focus for next week. LVMH also named Michèle Benbunan CEO of its media division, effective Jan. 22.