INQUIRER.net: US stocks tumble despite Twitter IPO, strong US GDP

INQUIRER.net Philippine News for Filipinos

US stocks tumble despite Twitter IPO, strong US GDP Nov 8th 2013, 01:46 NEW YORK CITY—US stocks Thursday tumbled despite a successful launch of trading in Twitter stock and report on US economic growth that bested expectations by a wide margin.   The Dow Jones Industrial Average lost 152.90 (0.97 percent) to 15,593.98.   The broad-based S&P 500 gave up 23.34 (1.32 percent) at 1,747.15, while the tech-rich Nasdaq Composite Index sank 74.61 (1.90 percent) to 3,857.33.   The retreat came as Twitter shares vaulted more than 72 percent above the $26 IPO price.   The shares soared as high as $50 before settling the day at $44.90, valuing the still-profitless social networking service at about $24 billion. &n... Keep on reading: US stocks tumble despite Twitter IPO, strong US GDP Media files: Wall-Street-110713-1024x719.jpg (image/jpeg)

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