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 Lower on Weak Jobs Report

Wall Street retreated Thursday after weekly unemployment claims jumped to a six-year high and retailers generally reported disappointing monthly sales. But a surprise increase in pending home sales appeared to mitigate some of the looses, leaving the Dow Jones industrial average down about 100 points.

In midmorning trading, the Dow fell 111.14, or 0.95 percent, to 11,544.93 after being down more than 165 points in the early going. The blue chips had risen more than 370 points the previous two sessions.

Broader indicators also fell. The Standard & Poor's 500 index fell 9.57, or 0.74 percent, to 1,279.62, and the Nasdaq composite index fell 8.05, or 0.34 percent, to 2,370.32.

Oil prices that fell sharply earlier in the week rebounded Thursday, likely adding to Wall Street's downbeat mood. Light, sweet crude rose $1.46 to $120.04 on the New York Mercantile Exchange.

Bonds rose as investors sought the protection of government debt. The yield on the benchmark 10-year Treasury note, which moves opposite its prices, fell to 4.01 percent from 4.05 percent late Wednesday.

The dollar was lower against other major currencies, while gold prices rose.

Wednesday’s Top Performing SmallCapVoice.com stocks:

Mega Media Group, Inc. (OTC BB: MMDA) was a SmallCapVoice.com top performer for 8/5/08 moving up over 42% on trading volume of 241,850 shares.

Today’s SmallCapVoice.com Hot Stock to Watch:

Capital City Energy Group, Inc.  (OTC BB: CETG) is today’s hot stock to watch.

Capital City Energy Group, Inc. announced today results from an independent reserve report conducted by James Engineering, Inc in Marietta, Ohio, a leading petroleum engineering firm, to value the Company’s proven oil and gas reserves. The Report concluded that the value of the Company’s reserves increased by nearly 50% during the past quarter, despite James Engineering using a conservative pricing model for their oil and natural gas reserves. The evaluation was conducted on the Company’s 178 producing properties located in 14 States.

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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.

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Stuart T. Smith

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