Costco, Darden and KB Home Put Post-Fed Demand to the Test
The S&P 500 enters a quiet but telling week, a holding pattern right after the Federal Reserve raised rates for the first time since July 2023, and the calendar puts the post-hike consumer and housing data front and center. The index closed Friday at 7,650.5, fractionally lower on the week at negative 0.1%, while the Nasdaq ended at 26,522.5 for a 0.7% weekly gain. Growth leadership kept the tape afloat, but the breadth behind it keeps thinning, and that contrast is what this week's reads will test.
Key Takeaways Costco and Darden report Thursday, the week's clearest gauge of consumer demand into elevated gasoline costs . KB Home and August new home sales give the first post-hike read on hous…
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