The Twitter-24/7 Wall St. Market Report Marathon Break-Up, Jobless Rate

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

Zerohedge: Initial Claims Surge To 445K, On Expectations Of 410Khttp://is.gd/eqhz8m

FT: Bank maintains course on rates and QE: The Bank of England’s Monetary Policy Committee voted to hold rates at th… http://bit.ly/dFNiwZ

Reuters: New jobless claims post biggest jump in 6 months http://dlvr.it/DFbpl

Reuters: AT&T to take $2.7 billion charge in Q4 on accounting changehttp://dlvr.it/DFbpM

Reuters: KKR potentially interested in Sara Lee: sourceshttp://dlvr.it/DF0Z1

MarketWatch: U.S. weekly initial jobless claims up 35,000; producer prices rise 1.1% in December http://on.mktw.net/hCqVoT

MarketWatch: Marathon Oil shares jump 12% in premarket on news the company will split into two http://on.mktw.net/gFfzYR

Douglas A. McIntyre