Stock market today September 25, 2020
September 25, 2020
Stock market today
A higher close for the US stock market today, tech stocks outperformed. Nasdaq rose more than 240 points. The closing numbers for the US stock market today:
S&P 500 3,298.46,+51.87(+1.60%)
Dow 30: 27,173.96,+358.52(+1.34%)
Russell 2000: 1,474.09,+22.27(+1.53%)
Stock market data: Yahoo Finance
Costco Wholesale Corporation (COST) stock closed at 342.58-4.42 (-1.27%).
“Costco (COST) shares opened lower Friday despite reporting better-than-expected fiscal fourth quarter results after market close on Thursday. Adjusted earnings were $3.13 per share on revenue of $53.38 billion, with the top line figure rising 12% over last year and accelerating from the previous quarter. Consensus analysts had been looking for $2.85 per share on revenue of $52.5 billion.
However, Costco also reported an increase in Covid-19 related expenses. Incremental pre-tax expenses were $281 million in Costco’s fourth quarter, due to higher wages and sanitation costs.”
Source: Yahoo Finance