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Fortune
Fortune
Brooke Seipel

The owner of Versace and Jimmy Choo just lost half its value in 24 hours

Traders work on the floor of the New York Stock Exchange (NYSE) on October 22, 2024 (Credit: Photo by Spencer Platt/Getty Images)

Wall Street said goodbye to its six-week winning streak at market close on Friday, as Treasury yields climbed and investors wrestled with high valuations amid mixed earnings. One of the biggest losers Friday was Capri Holdings Ltd., which lost nearly half its value after a federal judge blocked its acquisition by Tapestry.

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