Costco stock today: Why COST is slipping in thin year-end trade ahead of Fed minutes
Costco shares fell 0.5% to $863.08 in late-morning trading Tuesday, underperforming a flat S&P 500 ETF in a light, holiday-shortened session. Retail and consumer staples stocks drifted lower as investors awaited Federal Reserve meeting minutes. Costco’s December sales update is scheduled for Jan. 7. The stock trades near its 52-week low, about 20% below its peak.