Austin, TX 9/4/2008 11:29:04 PM
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 Are Lower on Weak Retail and Unemployment Data

 

Wall Street fell sharply Thursday on more disappointing economic news -- retailers posted sluggish back-to-school sales reports and the government said the number of workers seeking unemployment benefits spiked last week. The Labor Department said new applications for unemployment insurance rose by 15,000 from the previous week. That broadly missed expectations for a fourth-straight week of declines.

 

In midmorning trading, the Dow Jones industrial average fell 118.95, or 1.03 percent, to 11,413.93.

Broader indexes were also lower. The Standard & Poor's 500 index fell 11.49, or 0.90 percent, to 1,263.49; the Nasdaq composite index dropped 25.33, or 1.09 percent, to 2,308.40.

A barrel of light sweet crude rose 21 cents to $109.56 a barrel on the New York Mercantile Exchange. It dipped below $108 a barrel on Wednesday.

Bond prices moved higher Thursday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.69 percent from 3.70 percent late Wednesday.

 

Wednesday’s Top Performing SmallCapVoice.com stocks:

ZAGG Inc. (OTC BB: ZAGG) was a SmallCapVoice.com top performer for 8/29/08 moving up over 6% on trading volume of 271,995 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:

 

Finotec Group Inc.  (OTC BB: FTGI) is today’s hot stock to watch.

Finotec Group, Inc., an on-line foreign exchange company whose UK subsidiary, Finotec Trading UK Limited, is regulated by the FSA in the United Kingdom, has released its White Label On-Line Trading Platform software solution for financial institutions. The solution is being offered to financial institutions looking to enhance their trading business via state-of-the-art technology offered under their own brand name. Finotec's proprietary Finotec Trading Platform delivers real time pricing and high-quality executions, plus integrated charts, news, position management tools, and more. The rich, easy-to-use interface is currently available in several languages, and can easily be adapted to additional local markets. Finotec will offer a number of different pricing choices to clients purchasing the system in order to assist the budgetary needs of the institutions purchasing the solution.

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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