Thursday, November 7, 2013

Investors welcome Twitter

Investors welcome Twitter to the New York Stock Exchange, and U.S. stock futures traded with moderate losses.

Twitter is a micro-blogging service, they will begin trading Thursday under the TWTR symbol. The company priced its shares at $26 each on Wednesday, which means it will raise around $2.1 billion from the IPO amid strong demand.

Dow Jones industrial average index futures, Standard & Poor's 500 index futures and Nasdaq index futures were all down by more or less 0.1%.

Majority of Asian stock markets are weak on Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus. The Nikkei 225 index fell 0.8% in Japan.

The major European benchmarks were trading mostly flat. Germany's DAX 30 index was down 0.1% and the FTSE 100 index fell by a similar amount in the United Kingdom.

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