The Twitter-24/7 Wall St. Market Report (3/10/2011) US Trade Gap & Jobs

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.

Bloomberg: #Jobless Claims in the U.S. Rose More Than Estimated Last Week to 397,000 – http://ow.ly/4bC1x ^ad

MSNBC: GM’s financial chief to step down http://on.msnbc.com/e2omu8

MSNBC: Jobless claims rose in latest week http://on.msnbc.com/h39lBP

CNNMoney: Number of people filing for jobless claims rises to 397,000 in latest week. U.S. trade gap widens to 5-month high of $46.3 billion. $$

MarketWatch: U.S. first-time jobless claims rise by 26,000http://on.mktw.net/f5g8Rq

MarketWatch: U.S. trade gap widens sharply http://on.mktw.net/gzNK9J

MSNBC: Starbucks, Green Mountain in single-cup dealhttp://on.msnbc.com/hxlJR4

Douglas A. McIntyre