Stock futures are little changed as traders brace for key consumer inflation report: Live updates
What was Costco's recent announcement regarding membership rates?
Costco announced its first membership rate increase since 2017. The Gold Star Membership and Business Membership will increase from $60 to $65 per year, while the Executive Membership fees will increase from $120 to $130 per year3. The cap for the annual 2% reward for certain purchases held by Executive Membership shoppers will increase from $1,000 to $1,250 as part of the price hike4. The new fees will take effect on September 1.
What did the S&P 500 and Nasdaq Composite achieve recently?
The S&P 500 and Nasdaq Composite recently achieved new all-time highs, with the S&P 500 adding 1.02% to close above 5,600 for the first time, and the Nasdaq Composite advancing 1.18% to a record close. These gains came ahead of a key inflation report, which could help solidify expectations for a rate cut in September.
How much did Dow Jones Industrial Average futures lose?
Dow Jones Industrial Average futures lost 29 points, or less than 0.1%.