Why Costco (COST) Outpaced the Stock Market Today

Costco (COST) closed at $683.24 in the latest trading session, marking a +1.43% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.Shares of the warehouse club operator witnessed a gain of 6.79% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.89% and the S&P 500's gain of 3.52%.Market participants wil ...