Twitter to Sell IPO; Tech Corporations Lead the Way

After a good start in the morning session, the day capped off with S&P finishing at another new record high. These good numbers are largely due to some big earnings by U.S. tech companies. Microsoft (MSFT) posted a 5.96% increase on the day. The euro fell from a two year-high today in relation to the U.S. dollar; however the change was relatively small. Some analysts are forecasting this to only be a temporary drop and predict that the euro could rise up to $1.40 against the USD in the coming weeks. Twitter has been in the news a lot today since they are in talks to come to Wall Street as early as Monday of next week.
Twitter also released that they will sell their shares between $17 and $20, and they plan on selling upwards of 70 million shares. The Fed is putting in a lot of effort to keep interest rates low, and are buying approximately $85 billion worth of U.S. government and other bonds. Also, most companies are revealing the good news that their 3Q earnings have been beating analysts' estimates.

Word on the Street

Interesting Tidbits

Published on Oct 25, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...