Austin, TX 3/11/2008 10:17:49 PM
News / Business

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

Stocks Move Sharply Higher Amid Fed Liquidity Action

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 Move Sharply Higher Amid Fed Liquidity Action

 

Stocks are surging to the upside after the Federal Reserve announced new measures to inject liquidity into the credit markets, easily offsetting negative sentiment from disappointing guidance from WellPoint and Texas Instruments. Elsewhere, Hovnanian Enterprises reported a wider loss, and IndyMac Bancorp said widening credit spreads will hurt 1Q results.

 

The Dow rose 235.52, or 2.01 percent, to 11,975.67. The index is still down more than 2,100 points from its October 2007 record high.

Standard & Poor's 500 index rose 23.18, or 1.82 percent, at 1,296.55, while the Nasdaq composite index added 38.05, or 1.75 percent, to 2,207.39.

Government bond prices fell as stocks rallied. The yield on the 10-year Treasury note, which moves opposite its price, rose to 3.57 percent from 3.46 percent late Monday.

Oil prices rose as high as $109.72 in premarket trading on the New York Mercantile Exchange before falling back to $107.67, down 33 cents. Speculation that rising prices for oil and other commodities will offset the falling dollar has driven oil's rally from $87 a barrel in January.

Gold prices were higher, and the dollar was mixed against other major currencies.

 

Monday’s Top Performing SmallCapVoice.com stocks:

ERF Wireless (OTC BB: ERFW) was SmallCapVoice.com’s top performer for 3/10/08 closing up over 26% on trading volume of 374,107 shares.

 

 

Today’s Hot Stocks to Watch:

IMAGE Worldwide  (Pink Sheets: IMGW) is today’s SmallCapVoice.com’s hot stock to watch.

 

IMAGE Worldwide subsidiary IMAGE Chicago has signed a one year contract with one of Chicago's most established and well-known spas, Russian Bathhouse. This agreement includes print ads, online ads, and email marketing with IMAGE Chicago.

 

 

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About SmallCapVoice.com

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.

Contact:

Stuart T. Smith

CEO

512-267-2430

ssmith@smallcapvoice.com
http://www.smallcapvoice.com