S&P 500 Gains and Losses Today: Costco Shares Drop After Quarterly Revenue Miss

Key TakeawaysThe S&P 500 slid 0.7% on Friday, March 8, 2024, receding from record highs even as signs of a cooling job market buoyed rate cut expectations. Costco shares moved lower after the retailer missed sales estimates and opted against raising membership fees.Shares of Carnival Corp. moved higher after analysts said the cruise operator could be poised to raise its guidance. Major U.S. equities indexes moved lower on the week's final trading day. The February jobs report showed an uptick in unemploymen ...