Austin, TX 12/8/2009 12:40:59 AM
News / Business

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

Stocks and are higher even as the dollar rises as investors try to predict when interest rates might start rising

The dollar rose against other currencies ahead of comments from Federal Reserve Chairman Ben Bernanke, who will speak before the Economic Club of Washington. Bernanke has insisted that the Fed plans to keep rates low for the foreseeable future, but investors believe that as the economy improves, the central bank might move to raise rates and withdraw some of its support measures. That could reverse the dollar's months-long slide and put a dent in the stock market's advance.

 

Concerns about the Fed's next move have heightened since Friday, when investors got one of the best indications yet that the economy is strengthening. The Labor Department said employers cut fewer jobs in November than at any time since the recession began in late 2007 and the unemployment rate dropped to 10 percent from a 26-year high of 10.2 percent. High unemployment is considered one of the economy's biggest obstacles to growth.

 

Stocks rose after the employment report, but gave up most of their early gains as expectations of a possible rate hike grew and the dollar rose. Still, some analysts say the market may have overreacted Friday, and that trading is likely to fall back into its pattern since March of a falling dollar, rising stocks.

 

In early trading, the Dow Jones industrial average rose 44.29, or 0.4 percent, to 10,433.19. The Standard & Poor's 500 index rose 3.70, or 0.3 percent, to 1,109.68, while the Nasdaq composite index rose 5.14, or 0.2 percent, to 2,199.49.

 

Yesterday’s Top Performing Small Cap stocks:

 

Gen2Media Crop. (Pink Sheets: GTWO) was a SmallCapVoice.com top performer yesterday closing up over 19% on trading volume of 135,950 shares.

 

GWS Technologies, Inc. (Pink Sheets: GWSC) was another SmallCapVoice.com top performer yesterday closing up over 26% on trading volume of 12,780 shares.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Metatron Inc. (Pink Sheets: MRNJ)

 

Metatron Inc. today announced that its wholly-owned subsidiary, i-Mobilize Inc., has joined with The Platinum Agency to bring the photos and resumes of hundreds of the most beautiful women in the world to the iPhone.

 

Founded by former Las Vegas Pussycat Doll Laura Diane and celebrity talent manager Jay Rebholz, The Platinum Agency hand selects talent with the highest level of professionalism and breathtaking beauty. The Platinum Agency represents top-tier models and talent for runway, print, film, television, promotions, and events. Featuring hundreds of beautiful and sexy pics from Platinum's top models, only the best in the world are accepted into this prestigious agency. You won't find these ladies anywhere else, exclusively licensed to i-Mobilize for the Platinum Model application.

 

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