Fashion Stocks Soar While Tech Titans Tumble: Wall Street's Rollercoaster Week!

Wall Street's WILD RIDE: Fashion on FIRE, Tech in TATTERS! 🚀📉

Ready for a stock market thriller? Buckle up as Wall Street swings from high fashion wins to tech troubles! 🔥 Thursday's trading saw fashion and cigarette stocks dominating the headlines, overshadowing the tumble of giants like Ford Motor and Qualcomm.

The S&P 500 climbed 0.4% while the Dow dived 125 points – but wait, there's more! The Nasdaq pulled off a 0.5% gain!

Leading the fashion charge was Tapestry, the stylish parent of Coach and Kate Spade, soaring by a jaw-dropping 12%! Fresh from attracting chic, young customers, Tapestry ALSO upped its revenue and profit forecasts. Fancy that! Tapestry's move wowed the fashionistas and investors alike!

Not to be outdone, the tobacco giant Philip Morris International lit up S&P 500 with a 10.9% rally, blazing past profit predictions! Their Zyn nicotine pouches are apparently the next big thing.

Meanwhile, Ford stumbled, despite a profit surge. Why? Investors got spooked by ominous 2025 forecasts hinting at market headwinds. Yikes!

Over in tech land, Qualcomm slipped 3.7%, despite beating profit forecasts. Rising concern in the wireless chip arena might be to blame.

In the bond game? Steady as she goes with Treasury yields, as more workers seek unemployment benefits. Buckle up for Friday's employment mega-report – the suspense is real!

Riding the consumer wave was Ralph Lauren, boasting a 9.7% surge with sales triumphs globally, especially in China with new stores in Hong Kong and Beijing. 🍾

And in the health scene, Eli Lilly shot up 3.3%, driven by hot sales of diabetes and obesity treatments. It's a pharma boom!

Meanwhile, Honeywell plunged 5.6%! The conglomerate's shaking things up, splitting into three – think General Electric-style!

Globally, London's FTSE 100 jumped 1.2% thanks to a rate cut by the Bank of England. Paris rocked 1.5%, Hong Kong 1.4%, and Tokyo 0.6%.

If you're watching the yield curve, the 10-year Treasury stayed solid at 4.43%.

And the shocks don’t stop here! Honda and Nissan might be calling it quits on their joint adventure, according to the latest buzz from Japan.

Get ready, market enthusiasts, because this rollercoaster isn't slowing down! 🎢

Read more on the intrigue here and follow the money trail across the globe. 🚀