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No Trump effect for Twitter

Major indices are higher this Thursday morning, driven in part by today’s week of Feb 4 Initial Unemployment Claims number, which fell 12,000 to 234,000, well below expectation and, in fact, one of the lowest ever seen. Twitter (TWTR) reported its fourth quarter numbers this morning, and the company missed on revenue. Worse, it missed severely on user growth, despite predictions by some that President Trump’s propensity for tweeting would create huge growth for the company. Shares of TWTR are down 11%.

West Texas Intermediate crude is trading at $53.13. At present, the S&P 500 is up 0.25%, putting it above 2,300 for the first time ever, the DJIA is up 0.24%, and the NASDAQ is up 0.26%.

Here are your Thursday morning market metrics. Industries doing well today include textiles, food products, and multiline retail. Industries showing weakness include personal products, containers, and beverages. The VIX is down 2.2% to 11.20 after closing on Wednesday at 11.45. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 10,019 March 234 calls on the board. The total put/call ratio as of 10:00 AM was 0.72 (304,632/217,967). The advancers/decliners ratio for the NYSE is 1,831/887, and for the NASDAQ, 1,602/741.

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.