U.S. Markets close in 2 hrs 18 mins
  • S&P 500

    4,293.98
    -103.96 (-2.36%)
     
  • Dow 30

    33,573.69
    -691.68 (-2.02%)
     
  • Nasdaq

    13,423.51
    -345.41 (-2.51%)
     
  • Russell 2000

    1,987.92
    -36.12 (-1.78%)
     
  • Crude Oil

    0 (0)
     
  • Gold

    1,836.10
    -6.50 (-0.35%)
     
  • Silver

    24.34
    -0.37 (-1.50%)
     
  • EUR/USD

    1.1348
    +0.0031 (+0.2724%)
     
  • 10-Yr Bond

    1.7120
    -0.0350 (-2.00%)
     
  • Vix

    28.85
    +3.26 (+12.74%)
     
  • GBP/USD

    1.3555
    -0.0045 (-0.3321%)
     
  • USD/JPY

    113.6500
    -0.4500 (-0.3944%)
     
  • BTC-USD

    35,927.74
    +711.72 (+2.02%)
     
  • CMC Crypto 200

    816.38
    +5.78 (+0.71%)
     
  • FTSE 100

    7,494.13
    -90.88 (-1.20%)
     
  • Nikkei 225

    27,522.26
    -250.64 (-0.90%)
     

Sotheby's Increased Expenses Kill Earnings Growth Despite Strong Sales

Sotheby's had a series of highly profitable auctions this quarter but the increased expenses are killing their ability to grow the bottom line.