Stocks are rising in early trading after a new report showed job losses were less than anticipated and the unemployment rate unexpectedly dipped.
In the latest sign the economy could be recovering faster than expected, the Labor Department says companies shed 247,000 jobs in July. Economists had expected 320,000 job cuts.
The unemployment rate dropped to 9.4 percent from 9.5 percent in June. Economists forecast the rate would rise to 9.6 percent.
The Dow Jones industrial average is up 77.76, or 0.8 percent, at 9,334.02. The Standard & Poor's 500 index is up 8.91, or 0.9 percent, at 1,005.99, while the Nasdaq composite index is up 23.63, or 1.2 percent, at 1,996.79.
Yesterday’s Top Performing Small Cap stock:
American Green Group, Inc. (Pink Sheets: AMNE) was a SmallCapVoice.com top performer closing up over 6% on trading volume of 210,929,133 shares.
AMNE is a U.S. based company rapidly moving into the six billion dollar building insulation business. AMNE is different from other insulation manufacturers and distributors because the company is entering the market with eco-friendly, soy-based spray foam insulation. There are only a handful of companies with this new eco-friendly insulation.
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.
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