0823 GMT - Luxury stocks fall across the board after sector heavyweight LVMH reported results that Jefferies analysts say might make investors cautious. Shares in LVMH drop 7.7%, leading the sector losses. Gucci owner Kering falls 5.3%, and Salvatore Ferragamo--which released its own year-end update on Tuesday--is down 5.8%. Moncler and Burberry shed more than 3%, while Richemont, Swatch and Brunello Cucinelli fall 2% or more. LVMH's results were no eureka moment for the luxury sector, Jefferies analysts say in a note. Year-to-date swings to luxury stocks suggest their performance is linked to earnings expectations and caution might prevail after LVMH's update, Jefferies says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

January 28, 2026 03:23 ET (08:23 GMT)

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