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 on Hopes of $700 Billion Bailout Plan Winning Approval
Stocks surge higher as investors pin hopes on approval of the government’s $700 billion bailout plan, but credit markets remain tight.
In midmorning trading, the Dow Jones industrial average rose 236.80, or 2.19 percent, to 11,061.97. The Dow fell 563 points, or 4.95 percent, in the first three sessions this week.
Broader stock indicators also rose Thursday. The Standard & Poor's 500 index rose 22.86, or 1.93 percent, to 1,208.73, and the Nasdaq composite index rose 38.32, or 1.78 percent, to 2,194.00.
The dollar was mixed against other major currencies, while gold prices fell slightly.
Light, sweet crude for November delivery fell 6 cents to $105.67 on the New York Mercantile Exchange.
Strained credit markets continue tightened indicating that investors are waiting to see the details of the government’s bailout package.
Demand remained high for the 3-month Treasury bill, considered the safest short-term investment, with the yield trading at 0.47 percent, down from 0.49 percent late Wednesday. That means investors are still willing to earn the slimmest of returns in exchange for a safe place to put their money. The yield on the benchmark 10-year Treasury note rose to 3.84 percent from 3.81 late Wednesday.
In another sign of credit market tightness, the benchmark three-month London Interbank Offered Rate, a bank-to-bank lending rate known as LIBOR, jumped 0.29 percentage point to 3.77 percent.
Yesterday’s Top Performing SmallCapVoice.com stocks:
Today’s SmallCapVoice.com Hot Stock to Watch:
Organic Alliance, Inc. (Pink Sheets: ORGC) is today’s hot stock to watch.
Organic Alliance, Inc. announced today that USDA Certified Grass Fed Organic Beef will be available to OAI customers this fall. Grass fed Organic Beef has up to three times the Amino 3 levels vs. Corn Fed Beef, which is much better for the consumer's digestive track.
The modern meat-centered diets of the wealthy nations feature highly processed foods and feedlot animals replete with chemicals, hormones, and antibiotics. Specifically, organics have a different mix of fats, with far more of the omega-3 fatty acids that help keep arteries clean, maintain modest body weight, and build the immunity system. Benefits of organic beef eliminate refined carbohydrates and poor-quality meats in diets.
To get small cap and OTC stock quotes, company news, and much more please visit www.smallcapvoice.com. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!
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