Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks are mostly lower as investors await more clues about the economy and the start of second-quarter earnings reports.

The decline in the stock market early Tuesday follows mixed moves in overseas markets.

No major economic releases were expected but investors are watching this week’s G8 summit, starting Wednesday, to see what leaders, including President Barack Obama, say about the economy.

Investors have become more tentative in recent weeks after the market’s spring rally and are now trading cautiously. Some fear they might have been too optimistic in March and April about how soon the economy will recover from the recession.

In the first half hour of trading, the Dow Jones industrials fell 39.22, or 0.5 percent, to 8,285.65. The Standard & Poor’s 500 index fell 3.69, or 0.4 percent, to 895.03 and the Nasdaq composite index lost 4.03, or 0.2 percent, to 1,783.37.

Yesterday’s Top Performing Small Cap stock:

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer closing up over 8% on trading volume of 18,746 shares.

GWS Technologies Inc. announced that it has retained DME Capital LLC, a New York based Investor Relations firm to expand the Company’s strategic investor relations program.

Richard Reincke, CEO of GWS Technologies Inc. stated, “As we continue to grow and expand our operations into green technology and alternative energy production, I believe this is the right time to send our message to the investment community. After careful consideration, DME Capital, with their established relationships among institutional investors, combined with their extensive databases and proactive IR program is the perfect partner for GWS Technologies, Inc.”

Today’s SmallCapVoice.com Hot Stock to Watch:

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE)

Green Star Alternative Energy, Inc. announced that initial wind velocity information, from the Company’s Belo Blato wind farm site, provides data that is superior to prior figures. Further analysis over the third quarter will further refine the wind energy potential.

Small Cap Stocks Making News:

ICC Worldwide, Inc. (OTCBB: ICCW) today announced that a major milestone has been achieved in the ongoing development of a multi-year services and support agreement with TEANET, the communications and internet services arm of Gruppo TEA Spa. Gruppo TEA is a large, well established public utility organization in Northern Italy. The firm provides a broad range of services to its 250,000 commercial and residential customers including: electricity, gas, water, sanitation, sewer and trash collection/disposal. TEA also provides an extensive network of broadband-based communications and internet services to its customers.

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