US stocks move sharply higher, Twitter plunges 24%

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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