CAC 40 Retreats from Record High

2026-02-19 16:54 By Felipe Alarcon 1 min. read

The CAC 40 fell 0.4% to close at 8,399 on Thursday, pulling back from record highs as losses in heavyweight industrials and luxury shares outweighed selective strength in defensives and energy.

Airbus slumped 6.8% after trimming its main jet production target, marking the sharpest drag on the index, while luxury bellwethers LVMH and Hermes International fell 0.50% and 1.5% respectively, reflecting continued pressure on high end discretionary names.

Carmakers also underperformed, with Stellantis down 4.4% and Renault losing 3.1% following its reported €10.9 billion net loss.

On the other hand, Orange led the upside after adding 7.5% on the back of better-than-expected results, while Sanofi rose 1.7% and TotalEnergies SE rose 1.8% alongside firmer crude prices.

The session reflected a broad based consolidation led by index heavyweights, as investors balanced corporate earnings disappointments against lingering geopolitical and policy uncertainty.



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