Stocks rose broadly on Tuesday with Caterpillar Inc and other industrial shares benefiting from a broker upgrade and talk of help for debt-burdened Greece reviving investor sentiment.
Speculation Greece could get help from the European Union underpinned the rise in stocks, boosting commodity prices and resource shares as the U.S. dollar weakened. Concerns over rising debt in some euro zone countries has sapped confidence from equity markets of late.
European Central Bank President Jean-Claude Trichet was leaving a meeting of central bankers in Sydney early to attend a European Union leaders' summit. Even so, two ECB policymakers reiterated that Greece must get its own house in order as the European Central Bank cannot bail it out.
The Dow Jones industrial average gained 130.90 points, or 1.32 percent, to 10,039.29. The Standard & Poor's 500 Index rose 12.40 points, or 1.17 percent, to 1,069.14. The Nasdaq Composite Index was up 21.81 points, or 1.03 percent, at 2,147.86.
Yesterday’s Top Performing Small Cap stock:
GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer yesterday closing up over 11% on trading volume of 19,050 shares.
GWS stands for GreenWindSolar. We are an alternative energy technology company focused on developing, marketing, and implementing solar and wind-powered renewable energy products and solutions for various commercial, industrial, and governmental end-users. We are also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, we’re helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution.
Today’s SmallCapVoice.com Hot Stock to Watch:
XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH)
XcelPlus Global Holdings Sees Bright Future in Renewable Fuel Market
XcelPlus Global Holdings, Inc. manufactures and markets innovative, cost-effective and environmentally sensitive Bio-Based Fuels for Industrial Manufacturing. The Company's currently building market dominance in the heavy construction industries while they are exploring opportunities in the food processing, light and heavy manufacturing industries.
XcelPlus renewable biomass products are designed to meet the energy needs of today and tomorrow. The XcelPlus team is comprised of multiple professions from both the traditional and renewable fuels industries with one goal in mind, to produce renewable fuels from federally mandated renewable biomass resources for the industrial settings.
XcelPlus reported sales of $7,830,350 for the eleven months ended November 30, 2009.
Green House Gas Emissions, Carbon Emissions and Particulate Matter Emissions will affect every major manufacturer in this country. XcelPlus solution is to implement clean renewable biomass derived fuel as a strategic reduction option that is often overlooked.
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