Twitter (TWTR) Down 6% Amid Rout
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Market Wrap: Dow Nears 17K; Twitter Appoints Key Executive; Puerto Rico Gets Downgraded
July 1, 2014 5:18 PM EDTMarket wrap for July 1st
End of the Day: S&P 500 up 13.1 to 1,973.32; Dow Jones up 50.5 to 4,458.65; Nasdaq up 129.5 to 16,956.07
* The Down Jones Industrial Index rose to an intraday high of 16,998.70 today on the shortened holiday week. Many traders note that continued low interest rates and the potential for bond returns to slip as rates increase leave little in the way of attractive alternatives to stocks. The markets have been on a strong, post-crisis five-year rally, with 17,000 being the next key milestone for the... More
World Cup Activity Up But Others Down, Susquehanna Says; PT Up to $39
July 1, 2014 3:37 PM EDTSusquehanna analyst Brian Nowak bumped his price target on Twitter, Inc. (NYSE: TWTR) to $39.00 (from $38.00) amid World Cup user activity. The firm, however, is maintaining a Neutral rating saying other activity was down.
Nowak comments, "World Cup (and sports) 2Q TWTR coincident audiences were strong,... More
