The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. U.S. stocks edged lower Thursday morning, with the S & P 500 down 0.3% and the Nasdaq Composite down 0.11%. Overall, equities continued to be held back by soaring bond yields, with that of the 10-year Treasury reaching for 5% — a level last seen in 2007.
8, were up by 1.7% on the news, at $88.20 apiece. 3. Club holding Costco Wholesale announced Wednesday that longtime CEO Craig Jelinek will step down at the end of the year. He will be replaced by the company's current president and chief operating officer, Ron Vachris, as part of a longstanding succession plan. Varchis has been at the company for over 40 years, starting as a forklift driver.