Stocks sank on Tuesday on concern that the recession is worsening and that efforts to stabilize the beleaguered financial system may not be enough.
The slide took the benchmark S&P 500 below the 800 level for the first time since the bear market low of November 21 as financials and shares of big energy companies weighed.
The Dow Jones industrial average slid 254.64 points, or 3.24 percent, to 7,595.77. The Standard & Poor's 500 Index declined 31.46 points, or 3.80 percent, to 795.38. The Nasdaq Composite Index tumbled 54.45 points, or 3.55 percent, to 1,479.91.
Yesterday’s Top Performing SmallCapVoice.com stocks included:
GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 15% on trading volume of 7,000 shares.
All eyes were on Washington, D.C. this past week. While pundits pore over Obama's more general references, little was left to question from the new president's directive to harness the sun and the winds. For providers of sun and wind energy driven technologies, such as GWS Technologies, Inc, Obama's confirmation of his intentions was a boon to their blossoming business plans.
Mantra Venture Group Ltd. (OTC BB: MVTG) was another SmallCapVoice.com top performer moving up over 8% on trading volume of 3,968 shares.
Mantra Venture Group Ltd. announced the results of a Grant Research Report completed by Steven Roka of Mantra Grant Relations. Taking into consideration the nature of Mantra's research efforts, operating schedule, and the geographical area in which it operates, it was determined that as many as 43 funding programs fit strategically with the company's current R&D efforts.
Today’s SmallCapVoice.com Hot Stocks to Watch:
GreenChek Technologies Inc (OTC BB: GCHK)
GreenChek Technologies Inc., a leading globally focused provider of hydrogen fuel cell technology for commercial transportation and stationary power generation applications, announced today that the company has designed a new locomotive specification for ERD implementation in Europe.
Omega Commercial Finance Corporation (OTC BB: OCFN)
Omega Commercial Finance Corporation confirmed that it has entered into a Definitive Agreement with BBB Developments Mexico and upon closing will acquire 100% ownership of 3.9 acres of beachfront property located in Puerto Penasco (Rocky Point), Mexico, in a Share Exchange Agreement.
Jon S. Cummings IV, CEO, stated, "We are extremely excited about the opportunities that this latest acquisition offers our core business operations. We are confident that Los Corales will help to substantiate our 2009 business model. This along with the addition of our latest corporate divisions should enable our company to consistently perform this year." He also stated, "We are also very proud that because of this acquisition, we are now estimating today's pro forma book value upon closing it will be at .82 cents a share, on a going forward basis. We expect to continue to bring additional assets and opportunities to light on our shareholders behalf."
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