European Luxuries, Alcohol Stocks Spike on Supreme Court Decision -- Market Talk

Dow Jones02-20 23:52

1552 GMT - European luxury and alcohol stocks spike after the U.S. Supreme Court ruled that the global tariffs issued by President Trump are illegal. Luxury goods companies are among those most exposed to Trump's tariffs given their large presence in the U.S. and often domestic manufacturing bases. A basket of European luxury stocks spikes 1.3% shortly after the ruling and sector bellwether LVMH jumps 1.3%. French peers Pernod Ricard, Hermes and Moncler also leap higher. Guinness and spirits-owner Diageo spikes more than 1%. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 10:52 ET (15:52 GMT)

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