Costco stock price slips in midday trade as investors eye Fed decision and next Costco sales update
Costco shares fell 0.6% to $977.43 by midday Monday, even as the S&P 500 and Nasdaq edged higher ahead of the Federal Reserve’s rate decision and major tech earnings. Target dropped nearly 4%, leading retail decliners, while Walmart slipped 0.3%. Investors are watching for the Fed’s policy statement Wednesday and Costco’s January sales report due Feb. 4.