Austin, TX 9/3/2008 12:42:11 AM
News / Business

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

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 Surge Higher As Oil Tumbles

 

Stocks soared early Tuesday as oil prices fell sharply on reports that the Gulf Coast and its oil facilities have been spared heavy damage from Hurricane Gustav.

 

In midday trading, the Dow rose 170.33, or 1.48 percent, to 11,713.88, after being up more than 200 points in the early going.

Broader stock indicators also saw big gains but came off their highs. The Standard & Poor's 500 index rose 10.15, or 0.79 percent, to 1,292.98, and the Nasdaq composite index rose 18.09, or 0.76 percent, to 2,385.61.

Light, sweet crude fell $6.69 to $108.77 a barrel on the New York Mercantile Exchange, easing Wall Street's concerns not only about Gustav, but also about inflation's impact on the broader economy.

Bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.75 percent from 3.82 percent late Friday.

 

The dollar rose against most other major currencies, while gold prices fell sharply.

 

Friday’s Top Performing SmallCapVoice.com stocks:

ZAGG Inc. (OTC BB: ZAGG) was a SmallCapVoice.com top performer for 8/29/08 moving up over 2% on trading volume of 23,583 shares.

 

ZAGG Inc., a leading producer of patented transparent protective film coverings and accessories for mobile electronics, announced last week that the company’s flagship product, the invisibleSHIELD, is now the top selling accessory for the Apple iPhone 3G. The invisibleSHIELD is made of an ultra-thin material originally used by the military to protect the leading edge of helicopter blades, and now comes custom cut to SHIELD today’s hottest gadgets.

 

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 is a diversified oil and natural gas company with three separate divisions. Capital City Energy Group is evolving from being an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs to become one of the few vertically integrated independent oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

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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