MARKET PULSE-Twitter, Yelp, Ann, Teradata, Sony, Walt Disney
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Thursday as a better-than-expected report on weekly initial jobless claims boosted confidence the economy was improving, although caution remained ahead of Friday's employment report. The Dow Jones industrial average was up 0.83 percent at 15,569.15, the S&P 500 was up 0.77 percent at 1,765.16 and the Nasdaq Composite was up 0.95 percent at 4,049.732.
** TWITTER INC, $53.55, -18.83 pct
** FACEBOOK INC, $62.4, +0.34 pct
** GSV CAPITAL CORP, $12.29, -4.80 pct
Twitter shares fell as much as 25 percent on Thursday, wiping out about $9.8 billion in market value, after the company reported a sharp slowdown in user growth. The stock, which debuted at $26 in November, hit a low of $50 in early trading. The shares hit a peak of $74.73 in late December as investors bet that the social media platform could become as ubiquitous as Facebook.
Shares of GSV, an investment management company whose biggest holding is Twitter, also fell on the news.
** AOL INC, $49.19, +3.41 pct Continued...