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Estée Lauder
Tough times for cosmetics giant
Decreased demand on the Chinese market means that cosmetics giant Estée Lauder is now withdrawing its full-year forecast for 2025. The news causes the stock to plummet 13 percent in pre-trading on the New York Stock Exchange.
Red on the New York Stock Exchange
The New York stock exchange ended the trading day on a low note. The broad S&P 500 index fell 0,8 percent, the technology-heavy Nasdaq composite index dropped 0,7 percent, and the Dow Jones industrial index sank 1,3 percent.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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