Estée Lauder Stock Climbs After China Unveils Economic Stimulus
Estée Lauder(EL) Investopedia·2024-09-27 05:55
Key Takeaways Shares of beauty products maker Estée Lauder climbed 10% on Thursday, posting one of the day's top performances in the S&P 500. The gains for the stock followed the announcement of an economic stimulus in China, which could boost consumer sentiment and help drive a sales recovery. Concerns about sales in China, where Estée Lauder generates close to a third of its sales, have been a source of pressure on the stock in 2024. Shares of beauty products manufacturer Estée Lauder (EL) surged Thursday ...