Record for the Dow Jones, 13% jump for Twitter

February 10, 2021


The US markets closed in dispersed order on Wednesday, the session having been punctuated by inflation figures which reassured investors.

The US stock market ended without direction Wednesday after a volatile session, marked by lower than expected inflation in the United States and strong corporate results. The Dow gained 0.20% to 31,437.80 points, setting a new record. The S&P 500 lost 0.03% to 3,909.88 points, while the Nasdaq fell 0.25% to 13,972.53 points. The publication of consumer price indices in January showed inflation in line with expectations (+ 0.3%) and unexpected stability in inflation excluding food and energy products. Data that reassured investors, who fear that a surge in inflation will lead the Fed on the path of monetary tightening.

In terms of values, Twitter jumped 13.20% after having reported Tuesday evening a turnover and a quarterly profit above expectations and said anticipate a good start to the year thanks to the rebound in advertising spending.
Also on the rise after their results, Under Armour and Lift took 8.35% and 4.79% respectively. Cisco (-2.60%) signed the biggest drop in the Dow.

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