Welcome to Markets Desk, here's what's moving markets right now.
Levi Strauss raised its full-year outlook for the second consecutive quarter, pointing to momentum in tops and what the company is calling denim luxury as growth drivers. Despite the stronger guidance, shares fell in after-hours trading, suggesting investors may have expected even more from the denim giant's forward commentary.
Turning to the broader tape, Wall Street closed Wednesday in mixed fashion under the weight of geopolitical pressure. The S and P five hundred slipped just under a third of a percent, the Dow shed over one percent, while the Nasdaq one hundred managed a modest gain of roughly a quarter point, with tech continuing to act as the relative safe harbor in an uncertain macro environment.
Meanwhile, across the Pacific, South Korea's KOSPI has shed nearly ten percent across three brutal sessions, shedding close to eight hundred fifty points in that stretch. Tech shares are being watched closely as a potential catalyst for a bounce on Thursday, with the index sitting just below a key technical floor and traders watching for any stabilizing signal from global sentiment.
That's the tape. Markets Desk, signing off the floor.
