Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.

Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher. European and Asian indices gained after Wednesday's Wall Street rally.

Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.

we report that there might be potential disposals of underperforming brands in Richemont's portfolio. Still, we believe this might be seen as a positive catalyst by Wall Street analysts.

Analysts fell to the sidelines weighing in on Compagnie Financiere Richemont SA (CH:CFR – Research Report), Taylor Wimpey (GB:TW – Research

In equities, the Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13, the S&P 500 fell 12.57 points, or 0.21%, to 5,937.34 and the Nasdaq Composite fell 172.94 points, or 0.89%, to 19,338.29. In contrast, MSCI's gauge of stocks across the globe rose 1.31 points, or 0.15%, to 848.61.

Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont. Major US ...

This earnings season, strategists at JPMorgan Chase expect US firms to significantly outpace their European counterparts in terms of profit growth.

Vladimir Markovic, heir to the legendary, early 19th-century designer's estate, opened Royère's Paris Apartment during Paris Déco Off.

Opinion Columnist, The Americas, The Wall Street Journal Ms. O'Grady joined the paper in August 1995 and became a senior editorial page writer in December 1999.

MSCI's gauge of stocks across the globe rose 2.38 points, or 0.28%, to 849.68. Earlier, Europe's STOXX 600 index closed up 0.98%, with luxury stocks boosted after Cartier jewelry owner Richemont's results exceeded analysts' expectations.

Facing a $39 billion bid from mining giant BHP Group Ltd, the London-listed company is considering offloading the diamond unit, the Wall Street Journal reported last week. Like marketing a stone without the requisite color or clarity, this wouldn’t be an easy sell.