Market Sectors Rally as Tech Pulls Back, Costco Reports Strong Sales
Following a post-earnings pullback in tech stocks like Broadcom and CrowdStrike, investors shifted money to healthcare, financial, and communication services sectors. This helped the Dow Jones Industrial Average rally while the broader market recovered by session's end. Meanwhile, Costco reported strong May sales driven by increased traffic and gasoline savings.
Topics: AI sector consumer retail earnings reports stock market