Stock Information
On Thursday, Costco (COST.US) announced better-than-expected third-quarter results as cash-strapped consumers flocked to its warehouses to snap up low-priced non-essential goods and groceries.
Nordstrom (JWN.US) announced its first-quarter results for 2024. The financial report showed that Nordstrom's Q1 revenue was $3.22 billion, a year-on-year increase of 5.2%, exceeding market expectations; net loss was $39 million, compared with a net loss of $209 million in the same period last year; after-hours fell 5%.
Former President Donald Trump was convicted of all 34 felony counts of falsifying business records in his hush money criminal trial. The ruling sparked market concerns about Trump Media (DJT.US) shares, causing its stock price to fall 15% in after-hours trading on Thursday. Although it subsequently recovered slightly, as of press time, the decline was still about 7%.
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