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 Rebound After Monday’s Steep Sell-Off
Stocks staged a partial rebound early Tuesday after their biggest sell-off in years, though financial markets remained troubled a day after lawmakers rejected a $700 billion rescue plan for the financial sector. A key rate that banks charge to lend to one another shot higher, a tightening of the availability of credit that could spill through the economy.
In midmorning trading, the Dow Jones industrial average rose 237.19, or 2.29 percent, to 10,602.64 after falling more than 777 points, or nearly 7 percent, Monday to its lowest close in nearly three years.
Broader stock indicators also bounced higher Tuesday. The Standard & Poor's 500 index rose 34.25, or 3.10 percent, to 1,140.67, and the Nasdaq composite index rose 53.31, or 2.69 percent, to 2,037.04.
The S&P fell 8.79 percent Monday, while the Nasdaq lost 9.14 percent.
The yield on the 3-month Treasury bill rose Tuesday to 0.67 percent from 0.14 percent late Monday. The yield fell Monday as investors clamored for the safety of government debt. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.71 percent from 3.58 percent late Monday.
The dollar rose against other major currencies and gold prices advanced.
Light, sweet crude rose $3.01 to $99.38 on the New York Mercantile Exchange. Oil fell more than $10 a barrel Monday as investors worried that a weaker economy would curtail demand.
Monday’s Top Performing SmallCapVoice.com stocks:
Atlantic Energy Solutions, Inc. announces that it has been upgraded within the Pink Sheets OTC Market tiers from the Limited Information level of the Distressed Tier onto the Current Information level of the Transparent Tier. Atlantic Energy’s CEO, Tim Brock stated, “After having just finalized our transition to a public company a few months ago, we are extremely pleased to already be rising through the ranks. This was an important first step towards our ultimate goal of achieving a NASDAQ listing. We anticipate moving quickly through the tiers enroute to achieving the highest level of Premier Qx.”
Today’s SmallCapVoice.com Hot Stock to Watch:
Fiontec 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 announced a series of new product enhancements to its on-line trading platform. Among these improvements are new modules that will enable IBs (Introducing Brokers) and account managers to better manage all types of client accounts offered by Finotec, ranging from forex, commodities and CFDs to options and spread-betting. In addition, IBs will find it easier to obtain important information on their own accounts in a user-friendly manner.
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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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