What's Going On With Costco Shares Friday?
Portfolio Pulse from Vaishali Prayag
Costco Wholesale Corporation (NASDAQ:COST) shares rose by 2.43% to $883.59 on Friday following mixed US job and wage growth data. The cooling labor market has led to expectations of a potential Fed rate cut, pushing stocks higher.
July 05, 2024 | 7:55 pm
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Costco shares increased by 2.43% to $883.59 on Friday due to mixed US job data and potential Fed rate cut expectations.
The mixed US job and wage growth data has led to expectations of a potential Fed rate cut, which generally boosts stock prices. As a result, Costco shares saw a significant increase.
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