Dow Climbs 114 Points On Gains In UnitedHealth, Cisco Shares

Tapestry Inc

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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Mid Cap Value

Company profile

Tapestry, Inc. is a global house of luxury accessories and lifestyle brands. The Company's brands include Coach, Kate spade New York, and Stuart Weitzman. The Company operates through three segments: Coach, Kate Spade and Stuart Weitzman. The Coach segment includes global sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, and sales to wholesale customers and through independent third-party distributors. The Kate Spade segment includes global sales primarily of Kate Spade New York brand products to customers through Kate Spade operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers, and through independent third-party distributors. The Stuart Weitzman segment includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, sales to wholesale customers, through e-commerce sites, and through independent third-party distributors.

Dow Climbs 114 Points On Gains In UnitedHealth, Cisco Shares

1:32 pm ET November 18, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of UnitedHealth and Cisco are trading higher Friday afternoon, propelling the Dow Jones Industrial Average into positive territory. The Dow is trading 114 points (0.3%) higher, as shares of UnitedHealth (UNH) and Cisco (CSCO) have contributed around one third of the index's intraday rally. UnitedHealth's shares are up $14.46, or 2.8%, while those of Cisco are up $1.27, or 2.7%, combining for an approximately 104-point bump for the Dow. Other components contributing significantly to the gain include Merck (MRK), Procter & Gamble (PG), and IBM (IBM). A $1 move in any of the index's 30 components results in a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.

(END) Dow Jones Newswires

November 18, 2022 13:32 ET (18:32 GMT)