Costco Wholesale Corporation COST has shown significant movement throughout this week, with a strong trading session Friday following key US jobs data.
Indexes rose after mixed US job and wage growth data, with the June unemployment rate slightly beating expectations. A cooling labor market could lead to expectations of a potential Fed rate cut, pushing stocks higher on Friday.
Costco operates on a membership-based retail model, renowned for offering bulk products at competitive prices across its extensive network of warehouses globally. With over 600 locations in the U.S. and 270 internationally, Costco maintains a dominant presence in the consumer staples sector.
COST Price Action: Costco Shares were up by 2.43% at $883.59 according to Benzinga Pro.
See Also: 5 Financial Transaction Stocks in Focus Amid Digital Payment Boom
Photo by William James Herath on Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
