Jobless Claims Fall to a 14-Year Low; Twitter's Disappointing First Year
The Dow Jones and S&P 500 soared further into record territory today, both finishing at yet another record high. The boost came after news that the European Central Bank is looking to an economic stimulus. U.S. jobless claims fell last week to 279,000, the four-week moving average hit its lowest level since April 2000. This jobless claim report shows that the number of layoffs are decreasing while the climate is improving for job seekers as the labor market continues to improve. Twitter (TWTR) has officially been a publicly traded company for a year.While shares are up 58% from its IPO price, not many investors were able to get shares at the low price, thus drastically cutting into their return on investment and turning out to be somewhat of a disappointing stock. Many investors bought their Twitter shares for $40.37 and are up just 2% over the course of the year, showing how expensive hype can be.
Word on the Street
- Average weekly jobless claims fall to a 14-year low.
- AOL's (AOL) revenue up 12% due to strong ad sales.
- What to expect from tomorrow's jobs report.
- Twitter (TWTR) IPO debut was exactly 1 year ago.
- 14 stocks that are up 30% this year.
- Sierra Wireless (SWIR) stock up on better than expected 3Q earnings.
Published on Nov 6, 2014By InvestorGuide Staff