Deidre markets closed up after a fiveday losing streak. Twitter, moving postmarket. Lori rothman, with me now, she has more from the new york stock exchange, lori . Twitter is headline, deirdre. Revenue grew 61 on solid ad sales. Get this 80 of those users are using twitter on their mobile devices. 6 rise in cost per ad engagement. That is great sign for twitter that their ad strategy is getting traction. You see twitter shares off the postsession highs. Positive reaction to Second Quarter numbers especially going back to the First Quarter, which was not only surprise since they came out at 3 00 during the trading day in the First Quarter but a disappointment too. Lets step back to look at broader market. Our session, finally stocks snapping a fivesession losing streak with the dow closing up 189 points to 17,630. Still negative for the year. Well hear from janet yellen and decision on rates and accompanying statement tomorrow. Nasdaq up 49 points. Lets break down the dow 30 for you. L
That led to a 19 plunge in the stock price. Here we can expect this time around, scott martin, united advisors, Fox News Contributor and jack hough, barons executive editor. Same rough time this time around jack, and what are you looking for in particular . I expect upside earnings surprise, right . 72 of the companies surprised on the upside, hooray but they always kind of do that but set the bar so low. Ashley yeah. You look at the Stock Price Movement. I expect a Facebook Twitter where you come in above the earnings number but the Stock Price Movement afterwards disappoints. Ashley scott, what are you looking for . Something probably similar to that, ashley. I think the big issue will be looking forward. What is linked in going to see as far as advertising . That has really been their achilles heal, right . Facebook and twitter amides all the problems have good ad revenue. Linkedin totally failed in that. They overhauled a couple solutions in first couple quarters. Well see if that
Slightly lower. S p 500, nasdaq higher on earnings. Lori rothman with me from the floor of new york stock exchange. Lori . Deirdre all right we got the gross domestic product. Not all that exciting but the fed looks at these things. 2. 4 expansion pace is already, certainly not terrible but likely for the fed to stay on course and raise rates in september. Why we saw stocks flipflopping. The gains and losses. A mixed picture with the dow off five points. Nasdaq up 17. Call the broad market average flat. After the bell it has been all about earnings. We had better than expected reports from social Media Companies like links inn, expedia, travel website, Electronic Arts the gaming company. Linkedin is a dramatic story here. After the bell when the report was released it was better than expected top and bottom line report. All of their products were going gangbusters. We saw shares up as much as 13 . Now theyre virtually flat, only up marginally. Likely because a lost subscription growth
Welcome subject line afghanistan and it comes it was from a british official apparently the former foreign minister of Great Britain on afghanistan and sent by one of his deputies to Hillary Clintons assistant at the state department. Ironically through to her official state Department Email address, and then forwarded on to Hillary Clinton through her personal email address and im going to hold it up for you. Here [laughter] it started out five pages, and now all five pages are blank. This now was deemed now has been deemed classified at the time it was sent it was not marked as classified. Now retroactively has been classified by the state department. So she did send classified material whether she knew it or not or her people knew it, it should have been classified or was at the time they included emails did include classified materials. Melissa. Peter thank you for that report. A blank. Now turning back to markets hits keep on coming for Energy Markets oil ending down nearly 3 of 4
Companies bring the upside surprise but not this time. We heard from chevron and exxonmobil. We saw the profit declined 52 from one year ago it fell 4. 5 with the new lowrent a 4. 8 to the new low as well. But the S P Energy Sector fell to present as well whole from a type of significant gains. Theyre all down almost 5 so energy was the story of the daytoday. Here as we a wrap up the month. So seeing the Falling Energy prices. Indeed. As far as the Bigger Picture what else contributed to sentiment . All of the volatility stemming from the rest credito crisis, and the Chinese Market crashing a couple of weeks ago. The growth patterns and the ripple effect. With a very mixed bed of reports but we did close out with gains with the dow is up and the nasdaq will be the top performer of the gain of 2. 8 for the month. The jobs report as of friday with more earnings and we do have a couple of Dozen Companies reporting as well. Joining me from the floor of the new york stock exchange. Weinstoc