Twitter Inc. ruled the day on Wall Street today.
Shares of the microblogging site, which were priced at $26 Wednesday for the company’s initial public offering, opened at $45.10 this morning. And the tech darling gave up little of that ground, closing at $44.90 — still 72.7 percent, or $18.90, above the initial offering price.
Over 117 million shares traded hands and the company ended with a market capitalization of $24.46 billion, although it still has to figure out how to turn its 215 million daily active users into a profitable business.
The highly anticipated debut overshadowed a generally down day on Wall Street. The S&P 500 Retailing Industry Group fell 2 percent, or 17.82 points, to 876.24, as the Dow Jones Industrial Average retreated from a record close Wednesday, falling 1 percent, or 152.90 points, to 15,593.98.
Fashion’s decliners included Ralph Lauren Corp., down 4.3 percent to $172.81; Zale Corp., 4.1 percent to $15.13; Under Armour Inc., 3.7 percent to $76.35, and Amazon.com Inc., 3.5 percent to $343.56.
There were several retailers bucking the broader trend, though.
The Men’s Wearhouse Inc. rose 7.1 percent to $45.43 on a report that Eminence Capital had taken a stake in the firm and was pushing for the company to talk to Joseph A. Bank Clothiers Inc. about a possible buyout. Bank’s stock inched up 1.8 percent to $48.34.
J.C. Penney Co. Inc. also gained, rising 5.6 percent to $8.13 after company posted its first monthly comparable-store sales gain since December 2011. Fifth & Pacific Cos. Inc. stock increased 4.2 percent to $28.89 after the firm narrowed its losses and saw an 18.1 percent gain in third-quarter revenues.
Across the Atlantic, most markets were down.
Milan’s FTSE MIB fell 2.1 percent to 18,863.41, as London’s FTSE 100 decreased 0.7 percent to 6,697.22 and Paris’ CAC 40 slipped 0.1 percent to 4,280.99.
Frankfurt’s DAX ran countertrend and gained 0.4 percent to 9,081.03.
The decliners included Safilo Group S.p.A., down 1.2 percent to 14.35 euros, or $19.27 at current exchange; Aeffe S.p.A., 1 percent to 0.64 euros, or 86 cents; Luxottica Group SpA, 1 percent to 38.86 euros, or $52.18, and Salvatore Ferragamo Italia SpA, 0.6 percent to 25 euros, or $33.57.