We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

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Higher rates are dimming hopes for a recovery in the sluggish housing market. The central bank expects to be the first among major monetary authorities to unwind pandemic-era asset purchases. Consumers powered through concerns about high inflation and the U.S. job market for a 4% lift in holiday retail sales.

Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.

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.

US shares and bond prices held on to their inflation-inspired gains from the previous session on Thursday as traders digested data showing a small increase

Dior, LVMH, Kering and Hermes among the luxury goods companies to advance after Cartier owner Richemont posted strong quarterly earnings

Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher. European and Asian indices gained after Wednesday's Wall Street rally.

Morgan Stanley beats earnings expectations amid strength in its equity and bond businesses. Bank of America sees revenue rise across the board in upbeat sign for year ahead Bank of America CEO Brian Moynihan said the bank turned in a "strong" fourth quarter, CEO says. UnitedHealth Revenue Falls Short, Sending Shares Lower The company's shares fell in premarket trading following the healthcare firms first earnings since the killing of executive Brian Thompson. Target's stock soars as holiday sales show rebound from third-quarter doldrums Target's stock soared 3.7% early Thursday, after the retailer raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events. Cartier Owner Richemont's Sales Beat Buoys Luxury Stocks Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods. Stellantis Car Deliveries Weighed by U.S. Inventory Cuts Stellantis vehicle deliveries fell 9% in the fourth quarter of 2024 as the Jeep and Ram-maker took action to reduce excess inventory in the U.S. This Hedge Fund Created an Excel on Steroids The need to analyze an overwhelming influx of stock data-and to do it fast-pushed Man Group to become its own kind of tech company. Google Thinks It Has the Best AI Tech. Now It Needs More Users. Tired of trailing OpenAI, Chief Executive Sundar Pichai wants his Gemini chatbot to be used by 500 million people. TSMC Expects Continued AI-Driven Growth After Ending 2024 Strong The company's chief executive said revenue from AI-related servers and processors is expected to double in 2025 after more than tripling last year We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

BofA upgraded LVMH (LVMUY) to Buy from Neutral with a price target of EUR 735, up from EUR 700. In addition, the stock is one of BofA Global

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.

Bank of America allocates $1B in restricted stock pool for workforce, aiming to retain talent, boost profitability, and contain expenses.