As Twitter makes its Wall Street debut, what does it mean to the average user? USA TODAY's Brett Molina tells you what you need to know about the IPO. VPC
Kim Hjelmgaard, USA TODAY 3:51 a.m. EST November 7, 2013
This combination of Associated Press file photos shows, left, the Twitter bird logo and traders for Barclays Capital on the floor of the New York Stock Exchange.(Photo: AP)
[h=3]Story Highlights[/h]
U.S. stock futures traded with modest losses as investors prepared to welcome Twitter to the New York Stock Exchange.
The micro-blogging service is due to start trading Thursday under the TWTR symbol. The company priced its shares at $26 each on Wednesday, which means it will raise around $2.1 billion from the IPO amid strong demand.
TWITTER IPO: All eyes on NYSE for Twitter IPO
MARKET DEBUT: Twitter prices IPO at $26
Ahead of that, Dow Jones industrial average index futures, Standard & Poor's 500 index futures and Nasdaq index futures were all down by around 0.1%.
On Wednesday, the Dow climbed 0.8% 15,746.88, the S&P 500 rose 0.4% to 1,770.49 and the Nasdaq ended down 0.2% to 3,931.95.
STOCKS: Dow hits new closing high, Nasdaq slips
In macroeconomic news, market expectations are growing that the European Central Bank and the Bank of England will not cut interest rates at policy meetings Thursday to shore up a recovery from recession.
In the commodities space, benchmark crude oil prices for December delivery were down 3 cents at $94.77 in electronic trading on the New York Mercantile Exchange. The contract rose $1.43 to close at $94.80 a barrel on Wednesday.
Asian stock markets were mostly weaker Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus. The Nikkei 225 index fell 0.8% in Japan.
The major European benchmarks were trading mostly flat. Germany's DAX 30 index was down 0.1% and the FTSE 100 index fell by a similar amount in the United Kingdom.
Contributing: Associated Press
Kim Hjelmgaard, USA TODAY 3:51 a.m. EST November 7, 2013
This combination of Associated Press file photos shows, left, the Twitter bird logo and traders for Barclays Capital on the floor of the New York Stock Exchange.(Photo: AP)
[h=3]Story Highlights[/h]
- Twitter to start trading on NYSE under TWTR ticker
- European Central Bank to make monetary policy call
- Asia, Europe markets trade in tight range
U.S. stock futures traded with modest losses as investors prepared to welcome Twitter to the New York Stock Exchange.
The micro-blogging service is due to start trading Thursday under the TWTR symbol. The company priced its shares at $26 each on Wednesday, which means it will raise around $2.1 billion from the IPO amid strong demand.
TWITTER IPO: All eyes on NYSE for Twitter IPO
MARKET DEBUT: Twitter prices IPO at $26
Ahead of that, Dow Jones industrial average index futures, Standard & Poor's 500 index futures and Nasdaq index futures were all down by around 0.1%.
On Wednesday, the Dow climbed 0.8% 15,746.88, the S&P 500 rose 0.4% to 1,770.49 and the Nasdaq ended down 0.2% to 3,931.95.
STOCKS: Dow hits new closing high, Nasdaq slips
In macroeconomic news, market expectations are growing that the European Central Bank and the Bank of England will not cut interest rates at policy meetings Thursday to shore up a recovery from recession.
In the commodities space, benchmark crude oil prices for December delivery were down 3 cents at $94.77 in electronic trading on the New York Mercantile Exchange. The contract rose $1.43 to close at $94.80 a barrel on Wednesday.
Asian stock markets were mostly weaker Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus. The Nikkei 225 index fell 0.8% in Japan.
The major European benchmarks were trading mostly flat. Germany's DAX 30 index was down 0.1% and the FTSE 100 index fell by a similar amount in the United Kingdom.
Contributing: Associated Press