US stocks up as Twitter goes public
US stocks on Thursday opened higher after a strong economic growth number for the third quarter and as Twitter was poised to make its much-anticipated entry into the market.
US stocks on Thursday opened higher after a strong economic growth number for the third quarter and as Twitter was poised to make its much-anticipated entry into the market.
The gain also came after the European Central Bank cut its interest rate to a near-bottom 0.25% to boost eurozone growth.
Five minutes into trade, the Dow Jones Industrial Average advanced 38.85 (0.25%) to 15,785.73.
The broad-based S&P 500 rose 2.14 (0.12%) to 1 772.63, while the tech-rich Nasdaq Composite Index inched 2.19 (0.06%) higher to 3 934.13.
Investors were charged up by social networking company Twitter's initial public offering, which raised $1.8bn in the most eagerly awaited stock offering since Facebook.
-News24