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US stocks rise as Twitter poised to enter market

Last Updated: Thursday, November 7, 2013 - 20:44

New York: US stocks Thursday opened higher after a strong economic growth number for the third quarter and as Twitter was poised to make its much-anticipated entry into the market.

The gain also came after the European Central Bank cut its interest rate to a near-bottom 0.25 percent to boost eurozone growth.

Five minutes into trade, the Dow Jones Industrial Average advanced 38.85 (0.25 percent) to 15,785.73.

The broad-based S&P 500 rose 2.14 (0.12 percent) to 1,772.63, while the tech-rich Nasdaq Composite Index inched 2.19 (0.06 percent) higher to 3,934.13.

Investors were charged up by social networking company Twitter`s initial public offering, which raised USD 1.8 billion in the most eagerly awaited stock offering since Facebook.

First Published: Thursday, November 7, 2013 - 20:44
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