Austin, TX 8/5/2009 10:40:43 PM
News / Business

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

Stocks slip after weak jobs report

Stocks moved lower Wednesday after a private-sector report on unemployment offered little encouragement ahead of Friday's crucial jobs data from the Labor Department. The ADP National Employment Report, a closely watched precursor to the government's report, said Wednesday that employment fell by 371,000 in July -- slightly more than anticipated -- versus a revised decline of 463,000 jobs in June. Futures had been flat ahead of the report.

 

Meanwhile, an earnings report from Procter & Gamble Co. provided further evidence that Americans continue to feel the strain of a weak economy. The maker of such consumer products as Pampers diapers and Tide detergent said its fourth quarter profit fell 18 percent as consumers curbed their spending. The results narrowly beat expectations.

 

The financial health of Americans is crucial to lifting the economy out of recession, as consumer spending accounts for about 70 percent of all U.S. economic activity. That's why unemployment has been such a concern for the market. Higher job losses mean more consumers are left with less to spend.

 

The caution in the market follows muted gains on Tuesday, when investors put the brakes on a huge advance that sent stocks up 14 percent in just 16 days.

 

Though the earnings and economic news continues to be fairly upbeat, investors are wary of taking the market too high too quickly and analysts have been expecting stocks to drift after such a big move.

 

The Dow Jones industrials are down 76 to 9,243. The Standard & Poor's 500 index is down 8 points to 997, while the Nasdaq composite index is down 21 to 1,989.

 

Yesterday’s Top Performing Small Cap stock:

 

AlphaTrade.com (OTC BB: APTD) was a SmallCapVoice.com top performer closing up 50% on trading volume of 141,000 shares.

 

Launched in 1999, AlphaTrade is the only company that offers financial data that is both modular and multi-lingual to the millions of people who "follow the market" on a daily basis. AlphaTrade data can be conveniently accessed through a number of internet-enabled systems, including computers, Web TVs, and wireless hand-held devices. The company's flagship product, E-Gate, offers unparalleled, reliable, and accurate real-time investment information, coupled with advanced trading analysis tools.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

GWS Technologies, Inc. (OTC BB: GWSC)

 

Richard Reincke, CEO of GWS Technologies Inc., Updates Shareholders on Recent News in Audio Interview at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/7-31-09-audio-interview-with-gws-technologies-inc-otcbb-gwsc/

 

GWS stands for GreenWindSolar. We are a renewable energy technology company developing and marketing solar and wind-powered renewable energy products and solutions. Our products and solutions are part of the new microgeneration movement that is transforming the way businesses and consumers provide for their energy needs. The company was founded in 2005 and is headquartered in Scottsdale, Arizona.

 

To get small cap and OTC stock quotes, company news, and much more please visit http://www.smallcapvoice.com/. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!

 

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