Frenzied buying in Twitter shares dominated Wall Street’s attention today, as the social media stock surged well above expectations, while major averages fell, led by the Nasdaq.
The Dow Jones industrial average fell 81.69 points or 0.52 percent, to 15,665.19, the S&P 500 lost 13.8 points or 0.78 percent, to 1,756.69 and the Nasdaq Composite dropped 52.975 points or 1.35 percent, to 3,878.971.
A surprise rate cut by the European Central Bank sent euro zone shares to a five-year high today as traders bet a weaker euro and easier lending conditions would help revive the region’s economy and boost demand for stocks.
The Euro STOXX 50 index of euro zone blue chips rose 1.3 percent to 3,095.51 points after the ECB decision, hitting a level not seen since September 2008.
The pan-European FTSEurofirst 300, hit a fresh five-year high and was up 1.3 percent at 1,313.59 points.
Meanwhile, Japan’s Nikkei share average fell as investors withdrew from risk-taking as they awaited US jobs data, but small cap stocks rose after the Tokyo bourse said it would include them in a new index. The Nikkei fell 0.8 percent to 14,228.44 points in choppy trade, while the Topix shed 0.6 percent to 1,184.73.
buenosairesherald.com