S&P 500 hits new all-time high as Costco shares dip in late trading.

From Nasdaq: 2024-09-26 17:59:00

The S&P 500 hit a new all-time high, rising by +23 points or +0.40%, to 5745, trailing gains in the Dow (+260 points, +0.62%), Nasdaq (+108, +0.60%), and Russell 2000 (+0.57%) on Thursday. Chinese stimulus policies have led to significant gains in Chinese-centric stocks, including Alibaba (+10% today), Baidu (+9%), and JD.com (+14%).

Pending Home Sales disappointed with a +0.6% increase, falling short of the +1.0% analysts were expecting. Costco shares dipped 1.2% in late trading after posting mixed Q4 results, exceeding earnings estimates but falling short on revenues. Costco reported quarterly revenues of $79.7 billion, up roughly +1% year over year.

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Read more at Nasdaq: S&P Sets New Closing High; COST Mixed in Fiscal Q4