Market

Broadcom and Costco Drive US Stock Market to New Highs

The US stock market opened higher on Friday, driven by strong performances from Broadcom Inc. and Costco Wholesale Corp., which reported significant increases in their last-quarter revenues.

The Dow Jones Industrial Average rose by 0.13%, with Salesforce Inc. leading the way, expanding by 1.50% at 9:01 am ET. Meanwhile, the Nasdaq 100 surged by 0.84%, or 180 points, reaching a new intraday all-time high. The S&P 500 also gained 0.33%, with Broadcom being the top performer, soaring by 18.98% at the same time.

The euro strengthened by 0.28% against the dollar, trading at $1.04963 at 9:28 am ET.