Stocks are down sharply as concerns about unemployment are overshadowing a jump in factory orders.
The Labor Department's report Thursday of an unexpected increase in first-time claims for unemployment is reminding investors that the economic recovery will be difficult. So they're looking past the Commerce Department's news that factory orders rose more than expected in December.
Orders increased by 1 percent, double the 0.5 percent gain forecast by economists surveyed by Thomson Reuters.
The Dow Jones industrial average is down 172 at 10,098. The Standard & Poor's 500 index is down 21 at 1,075, while the Nasdaq composite index is down 41 at 2,149.
Yesterday’s Top Performing Small Cap stock:
CrowdGather, Inc. (OTC BB: CRWG) was a SmallCapVoice.com top performer yesterday closing up over 9% on trading volume of 732,805 shares.
Over the relatively short lifespan of the modern Internet there have been numerous advents and evolutions. Some, like Amazon or Google, stuck and continue to grow. Others, like "Boo.com" remind us that not every Internet business could capitalize.
The reality is that there are fads and there are trends, with the most enduring businesses obviously focusing on the latter. And if there is one trend that has emerged most clearly, it's that the Internet is no longer just a desk application, rather it is now a virtual destination to be used or enjoyed from anywhere and ever-increasingly, on those near ubiquitous smart phones.
Remember when 'cellular' phones were so heavy that you had to switch hands every ten minutes? Remember when they first got smaller? Remember when you first got an email on your new 'smart phone?' And now you play games, listen to MP3s, surf the web, take pictures, and share them with the world.
The last part, it appears, is the next generation, where everyone is a content provider/reporter/reader. Already major news outlets are investing considerable energy into citizen contributions like CNN's "iReporter" program. Facebook is rife with mobile uploads as well.
And now, CrowdGather Inc. is intent on taking that user-to-user mobile upload protocol to the broad populations of social message boards, where everything and anything can be shared within an affinity group. It seems a no-brainer perhaps, but remember that satellite and telecommunications companies prosper not by creating content, but by facilitating its transfer from one party to the other. Enabling mobile phone users via its "RoamingThreads" technology to contribute content to their favorite forums is a similar and monetizable connection.
If CrowdGather grabs market share in this burgeoning field of communication it certainly advances the fortunes of the company and perhaps, expedites the trend of individual voices helping to shape the Internet experience for all of us -- no matter where we are.
Today’s SmallCapVoice.com Hot Stock to Watch:
VitiminSpice (OTC BB: VTMS)
VitaminSpice is uniquely positioned between the $100 billion health food/vitamin supplement industry and the multi-trillion-dollar traditional food industry.
A pioneer in the emerging foodceutical industry, VitaminSpice sells vitamin- mineral- and antioxidant-infused spices and food products.
The VitaminSpice line combines premium spices and herbs with proprietary micro-coated essential vitamins, minerals, nutrients and antioxidants. VitaminSpice gives food a boost by enriching it with concentrated nutrients.
Their offerings currently include: Crushed Red Pepper, Ground Black Pepper, Sea Salt, Italian Seasoning, Ground Cinnamon and Granulated Garlic. A proprietary micro-encapsulation process keeps the vitamin properties locked inside, even when heated, allowing the food products to retain their full flavor.
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