U.S. stocks open flat; Twitter soars after results

U.S. stocks were mostly unchanged at the open on Thursday, as investors weighed expectations for rising inflation and bond yields against an economic backdrop that is seen as solid. The Dow Jones Industrial Average fell 33 points, or 0.1%, to 24,865. The S&P 500 was up 1 point to 2,682. The Nasdaq Composite Index gained 19 points to 7,072, a rise 0.3%. Wall Street has seen steep gyrations in each of the past several sessions, and major indexes remain sharply lower for the week. Among the most active sectors of the day, energy and tech both rose 0.3%, while financials fell 0.4%. In company news, Twitter Inc. jumped 27% after it reported better-than-expected quarterly results. 21st Century Fox Inc. was also higher in the wake of its results; the stock rose 0.3%.

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From:: Stock Market News

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