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

Encouraging news on the labor market buoyed stocks in early trading Wednesday as investors waited for the Federal Reserve to weigh in on the economy.

The ADP National Employment Report said 203,000 private sector jobs were lost in October, down from the 227,000 jobs lost in September. It was the seventh straight month of declining job losses.

That stirred hopes for a better-than-expected employment report from the Labor Department on Friday -- the month's most important piece of economic data.

Later Wednesday morning, the Institute for Supply Management will give an update on activity in the service sector. Growth in the service industry would add significant jobs to the economy.

The market's main focus though is the Federal Reserve and what it has to say about the economy when it wraps up a two-day meeting on interest rates Wednesday afternoon.

Policy makers aren't expected to raise the Fed's benchmark interest rate from a level of near zero, hoping to sustain an economic turnaround by keeping borrowing rates low. But investors will be looking for the Fed's take on the 3.5 percent growth in the economy during the third quarter and whether such growth will persist. The market would also like more guidance on how the Fed plans to withdraw its stimulus programs without threatening the recovery.

Investors have grown fearful that the economic rebound they've been betting on over the past eight months will be fleeting, considering that job losses remain high and consumers still aren't spending freely. Stocks have zigzagged over the past few weeks amid the heightened uncertainty.

In early trading, The Dow Jones industrials were up 49.19, or 0.5 percent, at 9,821.10. The Standard & Poor's 500 index was up 6.34, or 0.6 percent, at 1,051.75, and the Nasdaq composite index was up 6.30, or 0.3 percent, at 2,063.62.

Yesterday’s Top Performing Small Cap stock:

Mantra Venture Group Ltd. (OTC BB: MVTG) was a SmallCapVoice.com top performer yesterday closing up over 10% on trading volume of 40,300 shares.

Mantra Venture Group Ltd. is pleased to announce a project to further develop its Electroreduction of Carbon Dioxide (ERC) technology with input from 3M.

The project will evaluate certain parts and materials proposed by 3M and evaluate their suitability for inclusion in the ERC equipment. It will also investigate a new approach to CO(2) capture. The parties will share the cost of the project equally.

Today’s SmallCapVoice.com Hot Stock to Watch:

Pure Earth, Inc. (OTC BB: PREA)

Pure Earth, Inc. is a leading provider of innovative, unique, and sustainable solutions to alternate energy and recovery services in the United States.

Pure Earth's corporate objective is the management of complex projects to maximize the beneficial energy, land resource reuse, and recycling potential of various materials throughout the United States. Its success in removal and reutilization of materials from urban construction projects and recycling of petrochemical materials into energy has translated into additional exciting sustainable opportunities in the alternative energy and environmental beneficial reuse markets.

Pure Earth is currently targeting several potential strategic external acquisitions and internal initiatives to maintain an aggressive corporate growth strategy going forward. Pure Earth's management experience, bonding capacity and access to capital markets through its publicly traded status provides the ability to deliver performance to its clients on difficult, long-term projects. The past success of Pure Earth's management team provides further assurance to its clients of its role as a trusted partner in working to solve difficult sustainability issues currently and into the future.

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Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles.  For compensation and complete disclaimer click here.

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