Costco Wholesale Corp (NASDAQ:COST) demonstrated defensive prowess on Friday, trading flat despite a severe broad market sell-off. Here’s what investors need to know.
Costco Wholesale shares are trending higher. Why is COST stock trading higher?
What Triggered Friday’s Market Meltdown
The turbulence was sparked by a hotter-than-expected May jobs report showing 172,000 added nonfarm payrolls, which crushed expectations and reignited fears of aggressive monetary tightening.
As odds of a quarter-point rate hike surged, Treasury yields spiked, with the 10-year rising to 4.54%. This macroeconomic pressure sent the tech-heavy Nasdaq-100 plunging 4.4%, marking its worst daily decline since October 2025, while the broader S&P 500 retreated 2.5%.
