Posted 12/15/2023, 3:18:00 PM
Stocks Mixed as Dow Drops on Weak Data While Costco Rallies on Earnings Beat
- Dow Jones fell Friday on weak economic data; Costco stock rallied on earnings beat
- Key reports on manufacturing, services fell short; Fed data showed weak industrial output
- Dow futures traded lower Friday; oil prices rebounded; 10-year Treasury yield dipped under 4%
- Stock indexes hit record highs Thursday, but tech stocks were mixed; Dow leader Boeing broke out
- Chip stock Applied Materials extended run; JPMorgan broke out; Netflix nears buy point; Snowflake breaks out