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Twitter surges 15% on buyout report; US stocks dip

AFP
Twitter shares soared after CNBC reported that the microblogging service is in talks with potential acquirers including Google and Salesforce.com

Shares of Twitter surged in opening trade Friday following a report that it is in talks with potential acquirers as a two-day rally in US stocks showed signs of fatigue.

The broader market retreated after strong gains the last two sessions following Wednesday's Federal Reserve decision to keep interest rates low.

Five minutes into trade, the Dow Jones Industrial Average stood at 18,370.58, down 0.1 percent.

The broad-based S&P 500 shed 0.2 percent to 2,172.46, while the tech-rich Nasdaq Composite Index dropped 0.2 percent to 5,327.18.

Twitter soared 15.4 percent after CNBC reported that the microblogging service is in talks potential acquirers including Google and Salesforce.com. No sale is imminent, according to the report.