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What Are Day Traders Thinking? S&P's Twitter Sentiment Index Has Answer

  • S&P Dow Jones is launching two Twitter-based stock gauges
  • Twitter finance conversations were up 26% last year vs. 2019
Stocks Trader RF

Source: Moment/Getty Images

A year after meme mania broke out, Wall Street’s still obsessing over what day-traders are up to. 

S&P Dow Jones Indices said Thursday it is launching gauges that will measure daily sentiment on Twitter in a bid to get a grip on what “everyone” is thinking. Two new indices will be based on analyses of tweets that contain so-called “$cashtags,” which Twitter users deploy to reference stock symbols on the social-media platform.