Stocks have reversed early gains and are falling on a report showing Americans are still downbeat on the economy.
The Conference Board says its consumer confidence index fell to 53.1 in September, down from 54.5 in August, and much lower than the reading of 57 that economists expected.
The private group says consumers are still worried about losing their jobs.
Stocks had been rising in the early going after an upbeat report showing home prices rose for a third month in a row.
The Dow Jones industrials are down 29 at 9,760, after being up about 12 points prior to the consumer confidence data. The Standard & Poor's 500 index is down 2 at 1,060, and the Nasdaq composite index is down 7 at 2,122.
Yesterday’s Top Performing Small Cap stock:
U.S. Geothermal Inc. (OTC BB: HTM) was a SmallCapVoice.com top performer yesterday closing up over 3% on trading volume of 245,866 shares.
U.S. Geothermal is a renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. The Company is proceeding with development drilling at Neal Hot Springs in eastern Oregon and an expansion development plan at San Emidio. The Company also is part of an Enhanced Geothermal Study at Raft River funded in part by the U.S Department of Energy to determine thermal fracturing characteristics.
Today’s SmallCapVoice.com Hot Stocks to Watch:
Hitor Group, Inc. (OTC BB: HITR):
HITR is a Diverse Multi-Market Holding Company with Business Divisions in the Petroleum Machinery Market, Automotive Market focused on vehicles with a small carbon footprint such as electric buses, cars, motorbikes, etc. and finally the Alternative Energy & Fuel Efficiency Markets making fuel atomization efficiency enhancement products as well as non-carbon footprint specialized custom built windmill turbines for electric generation.
Muscle Flex Inc. (Pink Sheets: MFLI):
Muscle Flex Inc. announced today that it will be releasing The BUDDY Tablet Caddy(TM) and the Beagle StepFit(TM) Pedometer simultaneously in early November to coincide with a number of significant national promotions Muscle Flex has scheduled. There are two primary reasons to launch both products simultaneously in the early November:
1. Muscle Flex intends to run both commercials in the same markets so that each product reinforces the other in terms of corporate and product awareness and,
2. Muscle Flex has a number of high profile national promotional events scheduled that will act as an additional catalyst in bringing significant market awareness to the Muscle Flex brand as well as both products simultaneously. These high profile promotional events are to be announced shortly.
Muscle Flex believes that it can dramatically benefit its sales numbers of each product by reinforcing each respective product's advertising through congruent and paralleled marketing campaigns. As well, Muscle Flex has a number of very high profile promotions that it will be engaged in that will bring added awareness as each product is launched in the same markets and at the same time. The intent is to expand the BUDDY Tablet Caddy and The Beagle StepFit into the same markets and release new products in the markets that Muscle Flex already has well established corporate and product awareness.
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