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 Amid Rising Oil and Drop in Financials
Stocks retreated early Monday as financial stocks fell and oil prices rose. But volume is sluggish and equity news is light in the traditionally slow week leading up to the Labor Day weekend. A larger-than-expected rise in existing home sales lent very brief support to the market, though prices remain in a downward trend and the high level of inventories suggest we are not yet seeing a recovery in housing.
In midmorning trading, the Dow Jones industrial average fell 97.05, or 0.85 percent, to 11,531.01. The Dow rose nearly 200 points on Friday as oil tumbled and Federal Reserve Chairman Ben Bernanke said inflation pressures are likely to moderate.
Broader stock indicators also fell. The Standard & Poor's 500 index fell 9.72, or 0.76 percent, to 1,282.48, and the Nasdaq composite index fell 21.48, or 0.90 percent, to 2,393.23.
Light, sweet crude rose 56 cents to $115.15 per barrel on the New York Mercantile Exchange.
Bonds jumped Monday as stocks fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.79 percent from 3.87 percent late Friday. The dollar rose against other major currencies, while gold prices fell.
Friday’s Top Performing SmallCapVoice.com stocks:
Today’s SmallCapVoice.com Hot Stock to Watch:
Paramount Gold and Silver Corp. (AMEX: PZG) is today’s hot stock to watch.
Paramount Gold and Silver Corp. recently announce assay results from six additional drill holes in the San Miguel Vein. Diamond drill holes SM-48 through SM-54 were drilled to intercept the vein below and to the northwest of the recently reported excellent intercepts in holes SM-45, 46 and 47, below the northwestern margin of Clavo 99. Intercepts below the surface ranged from 200 meters (SM-48 and 49) to 350 meters (SM-53) depth.
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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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