Stocks moved higher Monday on the first day of trading in the New Year, following the lead of overseas markets.
A weakening dollar is also boosting commodities prices and stocks in early trading. An analyst's upgrade of Intel Corp. is pushing the technology sector higher.
Asian markets rose after new data showed China's manufacturing sector expanded at its fastest rate in 20 months in December. European markets also gained after the monthly purchasing managers' index, a key gauge of manufacturing activity, for the 16 countries that use the euro rose to a 21-month high and a similar survey for Britain rose to a 25-month high.
In the U.S., investors will receive key data throughout the week that could show the economic recovery is continuing, including a report on manufacturing Monday. Ongoing signs of a rebound helped the market surge during the final nine months of 2009 from its 12-year lows.
The Institute for Supply Management's manufacturing index is expected to show modest growth in the sector last month. Economists polled by Thomson Reuters, on average, forecast the ISM's index for December will increase to 54 from 53.6 a month earlier.
A separate report from the Commerce Department on Monday is expected to show construction spending dipped 0.4 percent in November.
In early trading, the Dow Jones industrial average rose 94.01, or 0.9 percent, to 10,522.06. The Standard & Poor's 500 index rose 11.52, or 1 percent, to 1,126.62, while the Nasdaq composite index rose 31.49, or 1.4 percent, to 2,300.64.
Thursday’s Top Performing Small Cap stocks:
Vega Promotional Systems Inc. (Pink Sheets: VGPR) was a SmallCapVoice.com top performer closing up over 21% on trading volume of 2,366,290 shares.
In a recent audio interview at SmallCapVoice.com, Michael K. Molen, Chairman of Vega Promotional Systems, Inc., updates shareholders and provides a company progress report.
The interview can be heard at http://smallcapvoice.com/blog/12-17-09-audio-interview-with-vega-promotional-systems-inc-otcpk-vgpr/.
Vega Promotional Systems Inc. (VGPR) engages in the production and sale of biofuel products worldwide. The Company manufactures energy efficient pellet fuel made from organic waste by-products. It offers bio-mass and bio-diesel products for power generation units.
Today’s SmallCapVoice.com Hot Stock to Watch:
SkyPeople Fruit Juice, Inc. (AMEX: SPU)
SkyPeople Fruit Juice, Inc. is a holding company of Shaanxi Tianren. Shaanxi Tianren is a company organized according to the laws of the People's Republic of China. Shaanxi Tianren's main products are concentrated apple, kiwifruit, pear and other fruit juices for domestic and international consumers. Its brand, HEDETANG(R), is positioned as a high quality, healthy and nutritious juice concentrate and clear juice product used both as an ingredient component in other products and an end-use juice concentrate product. Shaanxi Tianren utilizes the largest kiwifruit plantation in China and is a leading producer of concentrated kiwifruit juice in Asia.
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.
Contact:
Stuart T. Smith
CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com