H&M Soars, Philips Down, Volkswagen Rises
On this episode of Stock Movers:- H&M shares soared after the fashion retailer’s profit topped expectations, suggesting tight cost controls are helping its turnaround take hold.- Koninklijke Philips dropped on news of the Trump administration’s latest probe into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties. - Volkswagen and other German carmakers' shares gained on news the US lowered tariffs on auto imports from the EU to 15%, retroactive to August 1.See omnystudio.com/listener for privacy information.
The skinny
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