What we expect from Costco earnings and 3 others, and the Fed's favorite inflation gauge

There was a good deal of divergence this week as higher bond yields on a hotter-than-expected reading on manufacturing activity slammed the economically sensitive Dow Jones Industrial Average , while an incredible quarter from Nvidia powered the Nasdaq . The S & P 500 , which leans more tech than the Dow and less tech than the Nasdaq, was stuck in the middle. At the S & P 500 sector level, only information technology and communication services finished higher on the week.

A trader works during the closing bell at the New York Stock Exchange on March 17, 2020 at Wall Street in New York City.There was a good deal of divergence this week as higher bond yields on a hotter-than-expected reading on manufacturing activity slammed the economically sensitive

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Costco shares may be getting ahead of themselves into earnings. A bearish trade using optionsTony Zhang reviews a 'broken wing put butterfly' options trade to position bearishly on Costco.
Source: CNBC - 🏆 12. / 72 Read more »