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.
The drop in Apple shares Thursday broke a three-day winning streak for the S&P, despite big banks posting upbeat earnings.
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.
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 S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.
Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
Matteo Colombo/DigitalVision via Getty Images With the fourth quarter earnings season underway, energy (XLE), financial (XLF) and industrial (XLI)
Of the 28 companies in the S&P 500 that have reported fourth-quarter earnings, 82.1% have exceeded estimates, according to LSEG data.
Europe’s Stoxx 600 index hit a record high for the first time since September, as investors grew optimistic that the harshest of threatened US tariffs may not be implemented.
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
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. On the corporate front, Whitbread, Taylor Wimpey and Deliveroo have posted updates.
JPMorgan Chase & Co. strategists have predicted that US firms' profit levels will likely outdo their European counterparts.