Wall Street had another up-and-down day on Thursday, with market participants trying to weigh all the cross-currents involved with the Fed's monetary policy, inflation, the war in Ukraine, and ongoing supply chain disruptions. The Nasdaq Composite Index (NASDAQINDEX: ^IXIC) initially moved higher, only to give up those gains and fall almost 1.5% before recovering somewhat. As of 1:30 p.m. ET, the index was down by about 0.5%.
Investors did get some support from one well-known retail giant. Costco Wholesale (NASDAQ: COST) posted solid advances that outpaced the rest of the Nasdaq-100 Index Thursday afternoon. However, Costco's gains were tiny compared to what little-known Momentus (NASDAQ: MNTS) achieved. Below, we'll look more closely at what was moving both of these companies' shares.
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