NEW YORK (TheStreet) -- Twitter (TWTR) shares are down -1% to $37.92 on Tuesday following words of caution about its valuation that were included in the latest edition of the Federal Reserve's Monetary Policy Report that was released today.
The report states that although the valuation measures of the overall market are in line with historical averages, metrics in certain sectors, namely social media and biotech industries, appear to be substantially "stretched".
That caused Twitter to reverse its upward course from earlier in the day. Fellow social media company Facebook (FB) is also experiencing declines following the release of the report.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
TWTR data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.