Why Estee Lauder Stock Was Moving Higher Today
ELEstée Lauder(EL) The Motley Fool·2024-09-25 02:29

China's interest-rate cuts gave the cosmetics company's stock a lift. Shares of Estee Lauder (EL 5.69%), the cosmetics giant, were gaining today in response to news that China's central bank was lowering interest rates to stimulate the economy. China is a key market for Estee Lauder, and the business has been struggling, so it's not surprising to see the stock react positively to the news. As of 12:37 p.m. ET, shares were up 4.1%. Will China bounce back for Estee Lauder? China stocks rose broadly today, esp ...