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Why Costco Stock Jumped on Friday

TheMotleyFool

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Why Costco Stock Jumped on FridayPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of club-warehouse retailer Costco Wholesale (NASDAQ: COST) jumped on Friday. Shares surged as much as 8.4% and closed the trading day up 8%.

The stock's gain was driven by a surge in the overall stock market on Friday. Shortly after President Donald Trump declared a national emergency over the coronavirus and shared details on how the country plans to curb the coronavirus outbreak, the market roared higher.

Image source: Getty Images.

Source Fool.com

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