News
Costco stock rallies 1% as Nasdaq crashes, targeting $1,080
Costco (ticker: COST) rose over 1% on Thursday while the Nasdaq-100 lost about $2.5 trillion and fell more than 6%. The consumer‑staples giant is on track for its fifth consecutive weekly gain, its longest streak in two years. Analysts note a key resistance level near $1,080; a breakout could lead to a 34% move toward $1,450 over the next three to six months, while a failure may push the stock back into its two‑year range.