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 Fall Sharply on Inflation Data and Financial Worries
The bulls are under pressure in late-morning action as exacerbated concerns for financials and a surge in the Producer Price Index are holding sentiment hostage, overshadowing better-than-expected profit reports from Home Depot and Target.
In late morning trading, the Dow Jones industrial average fell 119.69, or 1.04 percent, to 11,359.70.
Broader stock indicators also dropped. The Standard & Poor's 500 index fell 11.56, or 0.90 percent, to 1,267.04, and the Nasdaq composite index fell 22.87, or 0.95 percent, to 2,394.11.
Bond prices slipped. While investors often seek the shelter of government debt when bad news arrives, inflation is unwelcome for bonds because it devalues their fixed returns. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.83 percent from 3.82 percent late Monday.
The dollar was mixed against other major currencies, while gold prices fell.
One of the few bright spots for Wall Street has been the price of oil. Crude has fallen substantially from its July record above $147 a barrel, and fell 32 cents to $112.55 a barrel Tuesday on the New York Mercantile Exchange.
Monday’s Top Performing SmallCapVoice.com stocks:
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTC BB: GWSI) is today’s hot stock to watch.
Richard Reincke, President and CEO of GWS Technologies, Inc., Provides Company Progress Report in an Audio Interview at SmallCapVoice.com
SmallCapVoice.com, Inc. today announced that a new audio interview featuring Richard Reincke, President and CEO of GWS Technologies, Inc., is now available at SmallCapVoice.com. The interview can be heard here at http://www.smallcapvoice.com/gwsi/gwsi-8-18-08.php.
“The increasing demand for sustainable, non-polluting energy has opened tremendous opportunities for microgeneration products and technologies that let people generate their own clean power,” Mr. Reincke said. “Our goal is to help consumers and small businesses become part of the energy solution.”
Investors have shown a renewed appetite for alternative energy stocks after the announcement last week by Billionaire investor T. Boone Pickens that he sold his entire stake in Yahoo, Inc. and now plans to make the
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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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