Market Insider

Twitter spices up market day, before retail sales

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Auto sales should give a boost to Friday's August retail sales report, among the last big piece of data for the Federal Reserve to consider before it meets next week.

Stocks were quiet Thursday ahead of the Fed meeting, but the market day got spicier after the close when Twitter announced it would go public and that should be a big topic Friday. The company provided no other details but that it had filed with the Securities and Exchange commission. Goldman Sachs is the lead underwriter for the offering, which has been widely anticipated.

(Read more: US budget deficit shrinks 35 percent through August)

"This is the premier deal of the year now," said Steve Massocca of Wedbush Securities. "I think they think the time is right, the iron is hot and it's time to do it. I think the timing, if anything, is a little tardy. It's going to be a hot, hot deal. It will be well attended."