SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:
Stocks Are Unchanged Amid the Release of Weak Economic Data
Stocks are trading flat after the release of a bigger-than-expected rise in weekly jobless claims, and the biggest drop in factory orders since January. The Labor Department said jobless claims rose 16,000 to 317,000 in the week ended Sept. 29, a bigger jump than analysts anticipated. Weaker economic data bolsters the case for further rate cuts by the Federal Reserve, which lowered rates last month for the first time in four years. In other economic news, the Commerce Department reported that orders to
The Dow Jones industrial average was down 7.80, or 0.06 percent, to 13,960.25. The Standard & Poor's 500 index was up 0.75, or 0.05 percent, to 1,540.3, and the Nasdaq composite index was down 4.80, or 0.18 percent, to 2,724.63.
Treasuries are unchanged and the yield on the 10-year Treasury note was 4.55 percent, the same as late Wednesday.
The dollar was mixed against major currencies. Gold prices are lower.
A barrel of light, sweet crude was down 62 cents to $79.32 on the New York Mercantile Exchange.
A report and profile featuring emerging companies within the Chinese market has been released by financial courier Small Cap Voice and is now available online to the investing public. The report features detailed information regarding Xinyinhai Technology, Ltd. and address information important to this industry and investors of other China-centric companies, including Baidu.com Inc. (NasdaqGS: BIDU), Focus Media Holding (NasdaqGM: FMCN), and China Mobile Limited (NYSE: CHL).
Today’s Hot Stocks to Watch:
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SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
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