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The Dow and S&P posted their fourth straight day of losses while the Nasdaq ended its three-day down streak. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike program it began in December. "The market was strong (early in the day) because Janet Yellen confirmed the fact the Fed would go very slow on rate hikes because the economy was showing some signs of sluggishness," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
Twitter Inc's said average monthly active users stalled in the fourth quarter - the first flat quarter sequentially since the company listed in 2013. Twitter shares fell 6.6 percent at $13.99 in after-hours trading, after the social media company's revenue forecast for the current quarter missed analysts' expectations. The weak results will stoke investor concerns over the company's stalling growth and the effectiveness of Chief Executive Jack Dorsey's turnaround strategy.
San Francisco (AFP) - Twitter said Wednesday its growth stalled at the end of last year, holding at 320 million active monthly users, in a disappointing quarterly update for the struggling messaging platform.