Twitter Reports Better-Than-Expected 2Q Earnings
The markets saw a comeback Tuesday, snapping a 5-day losing streak. The Dow closed higher by nearly 190 points, with the S&P rising 25.6 points and the Nasdaq gaining nearly 50 points.
Energy also rallied Tuesday, leading all 10 sectors higher. It was Energy's largest one-day gain in more than four months.
The little blue bird took flight! Twitter shares jumped 5% after hours following better-than-expected earnings. Quarterly revenue grew 61% year-over-year as advertising revenue for the second quarter jumped 63% year-over-year.
So is Twitter, which is down 50% from its lifetime high, now a stock to buy? Billionaire investor Jeff Greene shorted Twitter when it was $70 a share.
Feeling the pinch after hours: Yelp. the crowd sourced business and restaurant review company plummeted nearly 17% as the company slashed its outlook for full-year earnings.
And, in a crushing blow to Patriots fans, NFL Commissioner Roger Goodell upheld Quarterback Tom Brady's four-game suspension at the beginning of the 2015 season. The Patriots will pay a $1 million fine for its role in the Deflategate scandal.