[MARKET UPDATE] – Who is buying Twitter?

Original Link | RockwellTrading by Markus Heitkoetter

Stocks rallied to record highs in the morning but just couldn’t hold onto to early gains. After making record highs, the S&P slide 10 points and then traded sideways for most of the afternoon.

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Here’s where the major indices ended the day:

• The S&P finished flat. Down less than a point, the S&P ended at 2,591.
• The DOW ended flat. Adding just 9 points, the DOW closed at 23,557.
• The NASDAQ was down 0.3%. With a 19 point loss, the NASDAQ finished at 6,768.

Crude Oil (CL) was quiet today after yesterday’s big rally. Up 0.2%, CL finished at $57.24 a barrel.

Rumors hit the web last night that Disney (DIS) was interested in buying Twitter (TWTR) again. This came from a tech blog, and no confirmation.

Priceline.com (PCLN) took a beating today, finishing with a 13.5% loss. The company had stellar quarterly results, but lowered their guidance for next quarter.

And Snap (SNAP) is plunging in after hours trading after their revenues came in much weaker than expected. We’ll get a better idea of where it’ll trade tomorrow when volume comes in; right now it’s hovering around $12.40.

Tomorrow we’ll keep an eye on Crude Oil Inventories at 10:30am ET. Aside from the inventory report its a pretty quiet rest of the week until NVIDIA earnings on Thursday.

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