Market Update: Futures Rise, Gold Surges, Costco Beats Earnings, Dow Falls, Wall Street Rallies, US Bank Shares Set for Growth

U.S. futures are rising as the Federal Reserve's dovish policy outlook continues to support the stock market, with the main indices on track for their seventh consecutive positive week. Gold prices are increasing due to a drop in the dollar and Treasury yields, as markets anticipate rate cuts by the central bank next year. Oil prices are set for their first weekly gain in two months, boosted by optimism over demand growth in 2024 and a weaker dollar. Costco's quarterly results beat estimates, driven by cost-focused shoppers and strong sales of essentials. Chinese industrial output exceeds expectations, but retail sales fall short, highlighting ongoing challenges in the country's economic recovery.