Traders will watch reaction to Costco's quarterly earnings and September manufacturing and services purchasing managers’ indices on Friday.
The September manufacturing and services purchasing managers’ indices will be reported Friday morning.
The Refinitiv estimates are 51.1 for the manufacturing component, and 45.0 for services. As with the broader and more closely followed ISM PMIs, 50 is the dividing line between an expanding and contracting sector. Oil prices fell Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns.Storage tanks are seen at Marathon Petroleum's Los Angeles Refiner.For the week the contracts for WTI and Brent were down 2.3% and 1.5% respectively.
Central banks around the world raised interest rates this week, raising the risk of economic slowdowns.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Making the Biggest Moves After Hours: Costco, DocuSign, ScholasticThese are the stocks posting the largest moves in after-hours trading.
Read more »
Here's what Costco is saying about inflation — and a membership fee increaseThe comments made by CFO Richard Galanti on its conference call suggest the Fed will still be in inflation-fighting mode for the rest of the year
Read more »
Costco Sales Rise as Inflation Continues to Weigh on ConsumersCostco's quarterly revenue rose 15%, beating analysts’ expectations—and indicating consumers see the warehouse retailer as a haven against rising prices
Read more »
Costco tops quarterly results on robust consumables demandCostco Wholesale Corp topped Wall Street estimates for quarterly results on Thursday, helped by strong demand for its fresh food, candies and fuel offerings despite rising inflation.
Read more »
What to expect when Costco reports earnings after the closing bell ThursdayRetail powerhouse Costco, which is set to release strong fiscal fourth-quarter results on Thursday, remains a top Club pick.
Read more »
Costco's quarterly results indicate the retailer is thriving despite high inflationCostco shares were trading lower after-hours in reaction to the slight quarterly beats, but that's typical.
Read more »