NEW YORK: Twitter stakes surged in opening trade on Friday following a report that it is in talks with potential acquirers as a two-day rally in US stocks showed signs of fatigue.
The broader market retreated after strong gains the last two sessions following Wednesday’s Federal Reserve decision to keep interest rates low.
Five minutes into trade, the Dow Jones Industrial Average stood at 18,370.58, down 0.1 per cent.
The broad-based S&P 500 shed 0.2 per cent to 2,172.46, while the tech-rich Nasdaq Composite Index dropped 0.2 per cent to 5,327.18.
Twitter soared 15.4 percent after CNBC reported that the micro-blogging service is in talks with potential acquirers, including Google and Salesforce.com. No sale is imminent, according to the report.
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