Advertisement
Canada markets closed

  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CAD/USD

    0.7317
    +0.0006 (+0.08%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • Bitcoin CAD

    83,274.22
    -2,718.47 (-3.16%)
     

  • CMC Crypto 200

    1,261.40
    -96.61 (-7.11%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     

  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     
MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Luxury Retailers Rise Midday After Tiffany Takeover Bid

Investing.com

Investing.com - Luxury goods makeres were higher in midday trade on Monday after LVMH’s surprise bid for Tiffany & Co (NYSE:TIF) sparked speculation of consolidation in the sector.

LVMH (PA:LVMH) made an unsolicited offer of $120 per share for the luxury jewelry retailer, which Tiffany’s says it is reviewing. The $14.5 billion offer would help LVMH, which owns Christian Dior, Givenchy, and Bulgari, expand into the U.S. market.

Canada Goose (NYSE:GOOS) rose 5% in midday trade, while Signet Jewelers (NYSE:SIG) was up 5.2%. Tiffany (NYSE:TIF) jumped 30%, while Tommy Hilfiger owner PVH NYSE:PVH) fell 1.6%.

Related Articles

LVMH woos Tiffany to tap fast-growing jewelery market

Netflix Rises 3%

Spotify shares surge after surprise profit, rise in paid users