The Twitter-24/7 Wall St. Market Report (2/17/2011) Job Claims, Consumer Prices–All Bad

Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see
which stocks are most frequently mentioned. It is clear that in this area of social media these tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 Twitter users, which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites

NYT: U.S. Consumer Prices Held in Check in December http://nyti.ms/hRwaXR

Reuters Biz: U.S. jobless claims rise 25,000 last week http://dlvr.it/GqtbN

MSNBC: Jobless aid claims up more than expected http://on.msnbc.com/eUBh2k

MSNBC: Food, energy costs push up consumer prices http://on.msnbc.com/gpDMdC

Bloomberg: U.S. Initial Jobless Claims Rose More Than Estimated to 410,000 Last Week – http://ow.ly/3Yd5X

Bloomberg: Consumer Prices in U.S. Rise More Than Forecast on Higher Food, Fuel Costs – http://ow.ly/3Yd21

Douglas A. McIntyre