Stock Market Today: FTC/AMZN Suit & COST, CTAS Weakness

The Dow Jones, Nasdaq-100, Russell 2000, and S&P 500 all ended down today, along with all eleven S&P 500 sectors. The FTC and 17 states are suing Amazon (AMZN) for maintaining what they call “monopoly power” strategies that ultimately prevent rivals from fairly competing against the everything store. Costco (COST) shares closed down just before postmarket quarterly results showed adjusted earnings for its fiscal fourth quarter beat estimates. Cintas (CTAS) fell, despite reporting adjusted earnings that topped expectations and revenue in line with estimates. Tune in to find out more about what to watch tomorrow and more about the stock market today.

26 Sep 2023

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