NEW YORK, NY / ACCESSWIRE / February 10, 2017 / U.S. markets spiked Thursday after comments made by President Trump signaled a plan for lower taxes. In a meeting with airline executives President Trump made a statement that an announcement would soon be coming that would be "phenomenal in terms of tax". The Dow Jones Industrial Average hit a new intraday record of 20,206.36 before settling to close at 20,172.40, up 0.59 percent, while the S&P 500 Index and the Nasdaq hit intraday records of 2,311.08 and 5,722.71, respectively.

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"We know there's volatility caused by the new administration, both positive and negative, but we think the pro-growth narrative put forth by the administration will be the dominant one," said Bob Browne, chief investment officer of Northern Trust. "We feel pretty comfortable that the market will grow into its current valuation levels."

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Twitter's shares fell 12.34 percent to close at $16.41 a share on Thursday. The stock traded between $16.26 and $17.12 on volume of 109.30 million shares traded. The company reported a net loss of $167 million, or loss of $0.23 per share, for the fourth quarter of 2016, compared to a loss of $90.2 million, or a loss of $0.13 per share, in the fourth quarter of 2015. Revenues totaled $717 million for the fourth quarter of 2016, which fell short of consensus estimates of $740.1 million, according to Thomson Reuters I/B/E/S. The company's revenue from advertising declined 0.5 percent year over year to $638 million. Adjusted EBITDA for the current quarter is expected to be in the range of $75 million to $95 million, compared to Wall Street?s estimates of $191.3 million.

"We overcame the toughest challenge for any consumer service at scale by reversing declining audience trends and re-accelerating usage. As a result, in the fourth quarter, daily active usage accelerated for the third consecutive quarter, and we see this strong growth continuing. While revenue growth continues to lag audience growth, we are applying the same focused approach that drove audience growth to our revenue product portfolio, focusing on our strengths and the real-time nature of our service. This will take time, but we're moving fast to show results," said Twitter CEO Jack Dorsey.

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Coca-Cola's shares declined 1.83 percent to close at $41.25 a share on Thursday. The stock traded between $40.72 and $41.68 on volume 27.24 million shares traded. The company reported net operating revenues were $9.41 billion for the fourth quarter of 2016, a decrease of 6 percent year-over-year and the seventh consecutive quarter of declines. Adjusted earnings were $0.37 a share in the fourth quarter, down from $0.38 in the fourth quarter of 2015. Analysts' expectations had called for adjusted earnings of $0.37 per share on $9.13 billion in revenue, according to consensus estimates from Thomson Reuters.

For 2017, Coca-Cola forecasts adjusted earnings to decline between 1 ? 4 percent from $1.91 per share reported in 2016, which was short of analysts' expectations of $1.97 per share, according to Thomson Reuters I/B/E/S.

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Today's Features Includes:

Twitter Inc. (NYSE: TWTR)

The Coca-Cola Co. (NYSE: KO)

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