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Dow Surges Over 100 Points; Costco Earnings Top Views

Benzinga ·  Sep 27 21:41

U.S. stocks traded higher this morning, with the Dow Jones index rising more than 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.27% to 42,290.97 while the NASDAQ rose 0.16% to 18,218.51. The S&P 500 also rose, gaining, 0.17% to 5,755.11.

Leading and Lagging Sectors

Energy shares jumped by 0.8% on Friday.

In trading on Friday, consumer staples shares fell by 0.2%.

Top Headline

Costco Wholesale Corp(NASDAQ:COST) reported upbeat earnings for its fourth quarter, while sales missed expectations.

The company reported quarterly revenue of $79.697 billion, missing the consensus estimate of $79.973 billion. The membership-based retailer reported quarterly earnings of $5.29 per share...

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