Costco is set to release its quarterly earnings on Thursday, with analysts expecting earnings of $6.53 per share on sales of $94.8 billion. Investors will be particularly focused on membership growth and the potential announcement of a special dividend, which could be around $22 per share, as the company has a history of issuing such dividends every 2 to 3 years.
Meanwhile, Meta Platforms will host its annual developer conference, Meta Connect, where CEO Mark Zuckerberg is expected to highlight advancements in artificial intelligence, particularly the Muse Spark family of models, and discuss the company's ongoing efforts to enhance user engagement across its apps.
Lastly, President Trump will meet with Chinese President Xi Jinping, with key topics including the extension of the tariff truce set to expire on November 10 and discussions around trade deficits and AI regulation. This summit could have significant implications for U.S.-China trade relations and the broader market, especially in sectors like technology and energy