REFILE-BUZZ-U.S. STOCKS ON THE MOVE-Twitter, Salesforce.com, Endurance Specialty
(Corrects to remove extraneous punctuation in the headline) Wall Street rose after two days of losses on Wednesday after strong economic data boosted financial stocks and a surge in oil prices helped the energy sector.
The Dow Jones Industrial Average was up 0.61 percent at 18,279.18, the S&P 500 was up 0.49 percent at 2,160.97 and the Nasdaq Composite was up 0.67 percent at 5.325.28.
** TWITTER INC, $24.9, +5.87 pct
The microblogging service provider is expected to field bids this week, the Wall Street Journal reported, citing sources.
** SALESFORCE.COM INC, $67.53, -7.02 pct
Brokerage Mizuho Securities expressed its concern about the cloud-based software maker's quest to buy Twitter, saying any deal could destroy about $12 billion-$17 billion of value, which could take 2-3 years to recapture if all goes well.
** ENDURANCE SPECIALTY HOLDINGS LTD, $91.74, +4.43 pct
Japanese insurer Sompo Holdings Inc said it would buy the U.S. casualty insurer for $6.3 billion. Continued...