Midday Report: Twitter Spikes on Buyout Talk; Fed Rally Fades

U.S. stocks move lower as a relief rally over the Federal Reserve's patience on raising interest rates runs out of steam.
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U.S. stocks moved lower as a relief rally over the Federal Reserve's patience on raising interest rates ran out of steam. That rally had pushed the Nasdaq to close at records for two straight days. The manufacturing sector remained sluggish in September as a strong dollar and weak global demand impeded activity. However, the measure did remain above the 50-mark separating expansion from contraction. Twitter  (TWTR) - Get Report rocketed higher on reports it is close to securing a buyout offer. Potential buyers include Salesforce  (CRM) - Get Report and Alphabet's Google (GOOGL) - Get Report which are reportedly interested in the big data the social network generates.Electronic Arts (EA) - Get Report was initiated with an OVERWEIGHT rating and $101 price target at Morgan Stanley. Analysts said the market is underestimating its earnings power as it transitions to digital.