The three major U.S. stock index futures edge up slightly, while oil prices dip modestly.
ChainCatcher news, according to Golden Ten Data, the three major U.S. stock index futures opened slightly higher on Monday, while WTI crude oil and Brent crude oil saw a slight decline.
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LVMH drops 37% this year; once Europe's largest market cap stock, now out of the top ten
On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
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