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., 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
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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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