LVMH Surges, ASML Jumps, Stellantis Up
On this episode of Stock Movers:
- LVMH shares surged after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing.
- Dutch chip equipment maker ASML has reported orders of 5.4 billion euros for the third quarter, which is half a billion more than analysts had forecast.
- Stellantis plans to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs.
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