Stocks Drop, End Near Day’s Lows

U.S. stocks closed with sizable losses on Thursday, as investors interpreted faster growth in the
U.S. economy as a sign the Federal Reserve could soon slow its stimulus program. The Dow Jones
Industrial Average fell 152.90 points, or 0.97%, to finish at 15,593.98. The S&P 500 shed 23.34
points, or 1.32%, to end at 1,747.15. The Nasdaq Composite lost 74.62 points, or 1.90%, to close
at 3,857.33.

Twitter Inc.’s stock was soaring Thursday as the microblogging site began trading on the New York
Stock Exchange in the second-biggest Internet initial public offering in history.

Walt Disney Co. (DIS) said late Thursday its fiscal fourth-quarter profit rose to $1.39 billion,
or 77 cents a share, from $1.24 billion, or 68 cents a share, in the year-ago period. Revenue rose
to $11.57 billion from $10.78 billion in the year-ago period.

Groupon Inc.(GRPN) reported lower-than-expected revenues for the third quarter on Thursday
afternoon. For the period ended Sept. 30, Groupon reported a net loss of $2.58 million, or break-
even on a per-share basis, compared to a net loss of $2.98 million, or break-even on a per-share
basis, for the same period the previous year. Revenue rose 5% to $595.1 million.

Priceline.com Inc.(PCLN) reported late Thursday its third-quarter profit rose to $833 million, or
$15.72 a share, from $597 million, or $11.66 a share, a year ago. Revenue for the quarter rose to
$2.27 billion from $1.71 billion.