Jobless Claims, European Bank, Earnings : Economic Indicators

Costco Stock Gains on Earnings Beat

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday March 7. Major U.S. market indexes saw a fourth consecutive days of losses. Both the Dow Jones Industrial Average and S&P 500 dropped 0.8% and the NASDAQ fell 1.1% as investors reacted to the slowdown concerns in the European Central Bank’s economic stimulus program announcement. Meanwhile, Costco’s stock rose 4% in post-session trading  after the wholesale retailer reported a 7% quarterly gain in comparable sales and 26% e-commerce sales surge.

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