Stock Markets Tread Water as Twitter Subscription Rumors Swirl; Lennar Rises on Housing Hopes
Wednesday morning initially brought more gains for the stock market, but indexes lost ground steadily as the morning progressed. Just after 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 16 points to 25,906, after being up triple digits earlier in the session. The S&P 500 (SNPINDEX: ^GSPC) gained five points to 3,150, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 67 points to 10,411.
Helping to lead stocks higher, social media giant Twitter (NYSE: TWTR) was up 6%, while homebuilder Lennar (NYSE: LEN) picked up 5%. The two companies are in very different industries, but both see solid opportunities for gains in the near future.
Twitter shares have rebounded sharply during July, rising nearly 20% in just over a week's time. The social media company has had to deal with some of the same pressures as its peers in the industry, but it also might be looking at ways to boost its revenue.
Source Fool.com
