Major indexes are following counterparts overseas, which are rising because of upbeat profit reports. Japanese shares rose to nearly 10-month highs on better-than-expected earnings at automakers Nissan Motor Co. and Honda Motor Co. European markets were buoyed by better-than-expected results at British telecommunications company BT Group PLC and its French peer Alcatel-Lucent SA as well as the drugmaker AstraZeneca PLC.
Investors also welcomed a weekly unemployment report that showed the number of Americans continuing to collect unemployment benefits unexpectedly fell last week to 6.2 million. Economists polled by Thomson Reuters had expected that figure to rise to 6.3 million from 6.23 million last week.
The number of new unemployment claims filed increased 25,000 to 584,000, more than expected, though the increase was mostly due to seasonal distortions. Economists were expecting a rise of 16,000.
The Dow Jones industrial average rose 82.61, or 0.9 percent, at 9,153.33. The Standard & Poor's 500 index rose 12.11, or 1.2 percent, at 987.26, while Nasdaq composite index rose 23.56, or 1.2 percent, at 1,991.32.
Yesterday’s Top Performing Small Cap stock:
GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer closing up over 65% on trading volume of 302,042 shares.
GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, announced today that it has partnered with Dominion Real Estate Investments LLC, (DREI) to begin development of a 118 acre solar farm in Lubbock Texas.
The project could provide power to a planned housing development and federal facilities contiguous to Lubbock Airport. The initial project was designed in conjunction with Texas Tech University. The estimated cost of the entire project is approximately $250 million.
Today’s SmallCapVoice.com Hot Stock to Watch:
SIONIX Corporation (OTC BB: SINX)
A New Audio Interview with Chairman of the Board, John Pavia, of SIONIX Corporation is now at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/7-29-09-audio-interview-with-sionix-corporation-otcbb-sinx/.
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.
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