Twitter-24/7 Wall St. Market Report 3.3.2011 Gas Prices, Jobless Claims

Investing

Published: March 3, 2011 8:50 am

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 Drop From 388K To 368K, Beat Expectations Of 395K, Lowest Since May 2008 http://is.gd/etCVrx

3 hours ago

Reuters: BP denies bonuses to top executives after spill http://dlvr.it/J8SVl

CNNMoney: Number of people filing for initial jobless benefits drops to 368,000 in latest week, lowest level since May 2008, government says. $$

MarketWatch: U.S. jobless claims hit nearly thre …http://www.marketwatch.com/bulletinredir.asp?guid={73994AF4-E701-452C-95A7-06AF51D9E9AA}&siteid=bnbh

WSJ: IEA: Libya Unrest Starting to Hit Oil Supplieshttp://on.wsj.com/esoz4U

CNNMoney: Gas prices top $3.40 nationwide http://bit.ly/dQYhe1

Douglas A. McIntyre

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%¹ today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

¹https://www.fdic.gov/national-rates-and-rate-caps