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Some of Thursday's midday movers:
*Priceline, Tesla bounce from early lows. NEW YORK, May 8- U.S. stocks rose on Thursday, as a turnaround in beaten-down momentum names boosted the Nasdaq while initial jobless claims data, which suggested the labor market was improving, helped lift the broader market. Tesla Motors halved its losses in the session so far and was down 5.7 percent at $189.87.
*Yellen to testify before Senate Budget Committee. *Priceline, bounce from early lows. Tesla Motors managed to cut its initial losses for the session in half, down 5.7 percent to $189.87.
Michael Yoshikami has been inside Alibaba’s headquarters in China and he says it offers great insight for investors on the company’s vision.
*Yellen to testify before Senate Budget Committee. *Priceline, Tesla drop after results, outlook. A Kremlin spokesman said Russia needed more information and additional analysis after pro- Moscow rebels in eastern Ukraine snubbed President Vladimir Putin and said they would go ahead with a secession referendum planned for Sunday.
*Priceline climbs after results, Tesla tumbles. *Priceline Group Inc shares advanced 2.9 percent to $1,164 before the opening bell after the online travel agency reported a 36 percent rise in quarterly profit and gave its second-quarter forecast.
What your business can learn from the Twitter escapades of Seth Rogen, Stephen Colbert and the NYPD.
Traders across the financial markets will be hyper-focused on Congressional testimony from Fed Chair Janet Yellen Wednesday.
For the stock to go up, Twitter will need to, to quote Cuba Gooding, Jr., "Show. Me. The Money!," says Michael Yoshikami.
May 1- OpenTable Inc, operator of restaurant booking website OpenTable.com, posted its first quarterly loss in five years due to higher marketing costs aimed at stemming the slide in the number of restaurants signing up for its services.
Cramer said something significant happened in the market, though it was not readily apparent.
*May Day holiday mutes trading volume in Europe, Asia. Federal Reserve reiterated confidence on its economic outlook despite the slim 0.1 percent growth in U.S. gross domestic product in the first three months of 2014. "Internet is the place to be today," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, Texas.
U.S. stocks began little changed on Thursday after jobless claims and consumer spending rose more than expected.
*Yelp shares rally on results, boosting Internet names. Shares of General Motors were up 1.2 percent at $34.90. Facebook, up 2.3 percent at $61.15, and other Internet shares were among the day's best performers, helped by strong results from Yelp, whose shares gained 9.8 percent to $64.02.
*Textron and Cardinal Health fall after results. Shares of Cardinal Health and Textron, which reported some disappointing quarterly results, also limited gains. Facebook, up 2.2 percent at $61.06, and other Internet shares were among the day's better performers, helped by strong results from Yelp, whose shares gained 9.5 percent to $63.85.
Foursquare will soon look a lot more like Yelp, while its "checking in" feature will move over to a separate, new business.
*May Day holiday mutes trading volume in Europe, Asia. NEW YORK, May 1- Wall Street stocks edged higher on Thursday, led by a resurgence in Internet shares, while disappointing data on Chinese manufacturing activity knocked oil prices to a three-week low.
Yelp's better-than-expected quarterly earnings results offer a bright future for the stock, Piper Jaffray's Gene Munster says.
Some of Thursday's midday movers: