Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Tale of a legend footballer!
    • Attracts Foreign Tourists to the Port City of Durban
    • Six Months Fellowship Program
    • Inter University Drama Festival held at CoU
    • ARROW & DFPA launched the WORTH program
    • Over 100 universities reaching 3.3 million students
    • World Environment Day June 5
    • Priyanka proud of ‘A Kid Like Jake’
    Facebook X (Twitter) LinkedIn Pinterest RSS
    BartaBangla.com
    Leaderboard Ad
    • Home
    • National
    • Politics
    • Country
    • World
    • Sports
    • Entertainment
    • Business
    • Feature
      • Lifestyle
      • Tech
    • Opt
    • Others
      • Health
      • Campus
      • NGO
    BartaBangla.com
    You are at:Home»Business»Twitter shares fall, Facebook gains
    July 28, 2017 Business

    Twitter shares fall, Facebook gains

    Business July 28, 2017
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Warning: Trying to access array offset on value of type bool in /home/hrqwaeru/public_html/english/wp-content/themes/smart-mag/partials/single/featured.php on line 78
    BartaBangladesk »

    A swoon in technology and transportation shares led the S&P 500 slightly lower on Thursday on a day full of corporate earnings reports, but the Dow industrials set a record closing high, helped by a jump in Verizon.

    Twitter shares fell 14.1 percent. The social media platform disappointed investors with stagnant monthly active user growth.

    Declining issues outnumbered advancing ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 2.03-to-1 ratio favored decliners.

    About 7.7 billion shares changed hands in US exchanges, well above the 6.1 billion daily average over the last 20 sessions.

    The Dow Jones Transport Average, often looked at as a gauge of the economy’s health, closed down 3.1 percent, dragged lower after a worrisome outlook from package delivery company United Parcel Service.

    The transports fell to their lowest point in nearly two months as UPS rival FedEx also declined.

    The S&P 500 technology sector was the worst performing major group, falling 0.8 percent even as Facebook shares gained 2.9 percent after the social media company’s results.

    Tech has been the best-performing sector this year, leading the S&P 500’s 10.6 percent run in 2017.

    After the bell, Amazon.com shares fell 2.7 percent after the e-commerce company’s results. Amazon is the last of the high-flying companies known as “FANG” stocks to report this quarter.

    Wall Street’s main stock indexes had tallied intraday record highs earlier in the session.

    “The general sentiment of the market coming into the day was that transportation stocks are telling us something that we’re not paying attention to,” said Art Hogan, chief market strategist at Wunderlich Securities in New York.

    “You’ve got a general feeling a lot of good news is priced in to this market,” Hogan said. “That holds with technology. The problem with momentum stocks, once they start heading in a direction they get there violently, and that’s what we’re seeing today.”

    The Dow Jones Industrial Average rose 85.54 points, or 0.39 percent, to 21,796.55, the S&P 500 lost 2.41 points, or 0.10 percent, to 2,475.42 and the Nasdaq Composite dropped 40.56 points, or 0.63 percent, to 6,382.19.

    “The overall weakness in technology to me is a little bit of a surprise. We have seen some decent reports,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments in Lisle, Illinois. “There could be just a little bit of profit-taking going on here as we move near the end of the month.”

    The PowerShares QQQ Trust, an exchange-traded fund (ETF) tracking the Nasdaq 100, hit a record intraday high shortly after midday in New York but fell as much as 2.5 percent from there with a spike in volume. As the market fell, Nasdaq 100 futures posted their busiest hour in terms of volume since at least mid March.

    “My guess is this is selling by a large ETF holder, likely in the QQQ”, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh, referring to the market’s afternoon decline.

    Healthcare, which has been the second-best performing group this year, fell 0.7 percent.

    Bristol-Myers Squibb shares shed 3.1 percent after a failed cancer-drug trial from rival AstraZeneca Plc hurt sentiment for Bristol’s similar treatment regimen. AstraZeneca’s U.S.-listed shares tumbled 14.9 percent.

    With nearly half the S&P 500 having reported, second-quarter earnings are expected to have climbed 10.7 percent, compared to an 8-percent rise expected at the start of the month, according to Thomson Reuters I/B/E/S.

    Verizon shares surged 7.7 percent. The No. 1 U.S. wireless carrier’s quarterly revenue topped expectations. The stock was the biggest support for the S&P 500, followed by Facebook and telecom rival AT&T.

    Facebook gains Twitter shares fall
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article90pc people suffer from protein deficiency
    Next Article India plans 1,300km highway embankment to curb floods in northeast
    daisy
    • Website

    Related Posts

    BO account hike in DSE

    Prices of essentials shoot up due to hartal

    Cartel probe looms over German car industry

    Add A Comment
    Leave A Reply Cancel Reply

    • Popular
    • Recent
    • Top Reviews
    March 13, 2013

    4 member body formed to probe Vitamin-A capsule rumour

    March 21, 2013

    Bangladesh in AFC Cup final

    May 9, 2013

    where do all corpses disappear of Hifazat-e Islam supporters : PM

    March 10, 2020

    Tale of a legend footballer!

    July 9, 2019

    Attracts Foreign Tourists to the Port City of Durban

    June 19, 2019

    Six Months Fellowship Program

    9.3
    December 19, 2013

    Facilisis tincidunt justo eget urna leo dapibus at

    7.5
    December 18, 2013

    In in augue lobortis, eleifend tortor et, varius

    7.1
    December 16, 2013

    Beautiful City With Very Friendly Neighborhood

    Latest Galleries
    Latest Reviews
    9.3
    December 19, 2013

    Facilisis tincidunt justo eget urna leo dapibus at

    3.6
    December 19, 2013

    Laoreet Sed: Suscipit nec dapibus at elit

    7.1
    December 19, 2013

    Donec enim neque vulputate et commodo sed

    Latest
    March 10, 2020

    Tale of a legend footballer!

    July 9, 2019

    Attracts Foreign Tourists to the Port City of Durban

    June 19, 2019

    Six Months Fellowship Program

    March 5, 2019

    Inter University Drama Festival held at CoU

    December 11, 2018

    ARROW & DFPA launched the WORTH program

    Popular Tags
    Bangladesh Business Campus Corporate Country Economy Education Entertainment Environment Feature Health Lifestyle National NGO Opt Others Politics Sports Tech World
    Calendar
    June 2025
    M T W T F S S
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    30  
    « Mar    
    Copyright © 2025 ThemeSphere. Powered by WordPress.
    • Home
    • Others
    • Sports
    • World
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.