Stocks extended gains on Monday after a report showed a gauge of U.S. economic prospects increased for a third straight month in June, suggesting the recession was drawing to a close.
A private-sector forecast of U.S. economic activity rose more than expected in June, the third straight monthly increase.
The New York-based Conference Board says its index of leading economic indicators rose 0.7 percent last month. Wall Street analysts polled by Thomson Reuters expected a gain of 0.4 percent.
A rise in building permits and stock prices, and fewer people filing first-time jobless benefit claims, boosted last month's results.
The group also says activity in the six-month period through June rose 2 percent.
The Dow Jones industrial average gained 74.59 points, or 0.85 percent, to 8,818.53. The Standard & Poor's 500 Index gained 7.54 points, or 0.80 percent, to 947.92. The Nasdaq Composite Index gained 17.59 points, or 0.93 percent, to 1,904.20.
Yesterday’s Top Performing Small Cap stock:
SIONIX Corporation (OTC BB: SINX) was a SmallCapVoice.com top performer closing up over 2% on trading volume 125,434 shares.
"Elixir" is a registered trademark of SIONIX Corporation. SIONIX develops new concepts in "Modular Packaged Water Treatment Systems" using dissolved air flotation (DAF) and membrane technology designed for the waste water treatment and drinking water industries. SIONIX owns eight product and process patents and two are pending. The Company is evolving peripheral and new products for water treatment applications.
SIONIX designs "Safe Water Systems" that require uninterrupted water supplies with many applications in mind, such as defense, government facilities, emergency water supplies during natural disasters, hospitals, pharmaceuticals, resorts and hotels, housing development projects, industrial applications and brackish waste water from oil and gas drilling. Intended applications also include desalinization and pre-treatment for reverse osmosis and other membrane applications. Industrial applications would also include industrial waste water, bottled water, industrial process water, food, dairy, agri-business, meat processing, and hog and poultry operations.
Today’s SmallCapVoice.com Hot Stock to Watch:
TIE Technologies, Inc. (Pink Sheets: TTCS)
SmallCapVoice.com, Inc. announced today that a new audio interview featuring Andrew Quintero, Principal Director, Technology Transfer and Commercialization at The Aerospace Corporation and Graham Mew, Executive VP Information Technology Division for TIE Technologies, Inc. is now available. The interview can be heard here at http://smallcapvoice.com/blog/7-16-09-audio-interview-with-tie-technologies-inc-otcpk-ttcs/.
TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for users’ needs and challenges within the dynamic global voice, video and data communications markets. The company offers managed IT and telecommunication services to solve a myriad of complex client requirements. Services and solutions include out sourced and internal server, applications hosting, managed hosting and related systems management services, database hosting, content delivery networks, data broadcasting networks, and voice and video solutions providers.
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