Costco Wholesale is trading 3.2% up at $981.74 as investors rotate back into defensive retail and consumer staples-style names following recent macro volatility and sector shifts.
- The move appears tied to renewed interest in the company's resilient business model, despite a lack of fresh company-specific news this morning.
- Sentiment continues to be bolstered by ongoing market discussions regarding a potential stock split, which has supported the share price in recent weeks.