February 6, 2014
NEW YORK: US stocks on Thursday opened higher ahead of Friday's much-watched US labor market report but shares of social networking high-flyer Twitter plummeted on disappointing user growth.
Investors dump Twitter stock as results divide Wall Street
February 6, 2014
NEW YORK: US stocks on Thursday opened higher ahead of Friday's much-watched US labor market report but shares of social networking high-flyer Twitter plummeted on disappointing user growth.
Investors dump Twitter stock as results divide Wall Street
Seven minutes into trade, the Dow Jones Industrial Average gained 84.20 (0.55%) to 15,524.43.
The broad-based S&P 500 added 9.98 (0.57%) to 1,761.62, while the tech-rich Nasdaq Composite Index tacked on 26.48 (0.66%) at 4,038.03.
Analysts have predicted modest moves in equity markets ahead of Friday's monthly US labor market report.
Leading microblogging host Twitter dropped 24% after it reported disappointing user statistics in its quarterly earnings report late Wednesday.
Courtesy: AFP
