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Stocks - Twitter Jumps Midday; Energy Stocks Gain

Twitter gained ground midday.
Twitter gained ground midday.

Investing.com - Beaten-down individual stocks continued to benefit from a low-volume August week, with Twitter climbing sharply midday.

Netflix (NASDAQ:NFLX) enjoyed solid gains Monday, and Twitter, another stock hammered following its latest earnings report, saw lots of buyers coming in today.

Twitter (NYSE:TWTR) stock rose about 3.5% at 11:30 AM ET (15:30 GMT).

Shares of Twitter dived when its reported a surprise decline in monthly active users in July. But since then, the stock has been steadily gaining a little ground, despite being mired in the controversy of the company trying to police fake news and hate speech and facing charges of censorship.

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Chartists will be looking to see if today’s strong move can hold.

Among other social media stocks, Facebook (NASDAQ:FB) rose about 0.3%, while Snap (NYSE:SNAP) fell about 3%.

Elsewhere, energy stocks were higher as oil prices gained. Crude oil WTI futures climbed as traders continued to fret about a drop in supply when U.S. sanctions against Iran go into effect in November.

The S&P Energy Sector index gained about 1%.

Among the strongest components in the index were National Oilwell Varco (NYSE:NOV), up about 2.6%, Marathon Petroleum (NYSE:MPC), which rose about 2%, and Devon Energy (NYSE:DVN), which gained about 2%.

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