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Stock impact report

Black Friday puts consumer spending in market's glare with stocks near records [USA TODAY]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: USA TODAY
The benchmark S&P 500 .SPX rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season. Earnings are on pace to have climbed about 9% from a year earlier. But recent earnings from two high-profile retailers yielded sharply different prospects: Walmart WMT.N on Tuesday raised its annual sales and profit forecast for the third consecutive time, while Target TGT.N shares tumbled after it forecast holiday-quarter comparable sales and profit below estimates on Wednesday. The holiday shopping season could give further insight on consumer spending, which accounts for more than two-thirds of U.S. economic activity. Even though inflation rates have moderated from 40-year peaks hit two years ago, higher prices are still challenging consumers, said Abby Roach, portfolio analyst at Allspring Global Investments. "It's easy to be excited about inflation coming down year over year, but... consumers are really still Show less Read more
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