US stocks higher; Twitter plunges

thephotoholic

thephotoholic

Published Feb 6, 2014

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New York - US stocks Thursday opened higher ahead of Friday's much-watched US labour market report but shares of social networking high-flyer Twitter plummeted on disappointing user growth.

Seven minutes into trade, the Dow Jones Industrial Average gained 84.20 (0.55 percent) to 15,524.43.

The broad-based S&P 500 added 9.98 (0.57 percent) to 1,761.62, while the tech-rich Nasdaq Composite Index tacked on 26.48 (0.66

percent) at 4,038.03.

Analysts have predicted modest moves in equity markets ahead of Friday's monthly US labour market report.

Leading microblogging host Twitter dropped 24 percent after it reported disappointing user statistics in its quarterly earnings report late Wednesday. - Sapa-AFP

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