Costco Wholesale logo

COST - Costco Wholesale News Story

$459.51 -3.8  -0.8%

Last Trade - 17/09/21

Consumer Cyclicals
Large Cap
Market Cap £148.55bn
Enterprise Value £146.34bn
Revenue £135.36bn
Position in Universe 52nd / 7151

Reuters Insider - Stocks edge higher for third day

Fri 4th March, 2016 8:11pm
Click the following link to watch video:                       
 Source:             Thomson Reuters                                   
 Description:        A rally in energy stocks helped to lift stocks    
                     into positive territory, despite a rise in weekly 
                     jobless claims. Bobbi Rebell reports.             
(To access all exclusive Reuters Insider programming visit: 
 Short Link:  
Transcript (May be auto-generated)

                 Stocks eked out a third straight win after spending the morning in the red. 
Energy stocks led the way as oil prices edged higher. Investors saw mixed 
economic numbers: weekly jobless claims rose but layoffs fell in February, 
services employment fell, but factory orders rebounded. Investors are confused, 
says Jeff Tomasulo of Vespula Capital. We were down almost 11% going into 
February and over the last two and a half weeks, we've made back 9%. You know? 
So, when you have that kind of move, I think there's a lot of confusion going on
where what direction we're going to head in. Weak results from retail - Kroger 
warned comparable sales growth would slow this year; its stock was the S&P 500's
biggest decliner on the day. Costco also lower after the discount retailer 
reported the strong Dollar and weak traffic had hurt its quarterly same-store 
sales growth. Tumi sales rocketed up to their highest level since their debut 
four years ago. The Wall Street report Samsonite International is near a deal to
buy the maker of high-end suitcases. Herbalife shares dropped after the 
nutritional supplements maker said it overstated membership growth due to a 
database error. European shares snapped a five session winning streak pressured 
by healthcare and tech stocks
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.