Why Costco Stock Jumped on Friday

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.

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Source Fool.com