Wall Street fluctuated in a narrow range Tuesday as a mix of economic and corporate news made for an indecisive session.
Better-than-expected reports on housing and inflation were offset by news of a dividend cut at Alcoa Inc. and layoffs at Nokia Corp.
The Commerce Department said new home construction rose unexpectedly to an annual rate of 583,000 in February from a revised 477,000 in January. Economists expected construction to drop to a pace of around 450,000 units, according to Thomson Reuters.
Building permit applications, a key measure of future activity, also rose. Applications increased 3 percent to an annual rate of 547,000. Economists were expecting permit applications to fall to a rate of 500,000.
In morning trading, the Dow Jones industrial average fell 28.36, or 0.39 percent, to 7,188.61. The Standard & Poor's 500 index rose 0.15, or 0.02 percent, to 754.04, while the Nasdaq composite index rose 8.12, or 0.58 percent, to 1,412.14.
Yesterday’s Top Performing SmallCapVoice.com stock:
Green Earth Technologies (Pink Sheets: GETG) was a SmallCapVoice.com top performer moving up over 9% on trading volume of 112,867 shares.
Green Earth Technologies produces G-branded superior performing green products made with American-Grown Base Oils that utilize the power of nanotechnology to deliver environmentally friendly products with no compromise... meaning, consumers can now "do their part" without having to give up performance or value: Save the Earth - Sacrifice Nothing. GET products are now available at Home Depot, Target, VIP, National Auto, Fred Meyer, Kroger, Albertsons, participating ACE & True Value dealers, Redners, Trader Horns, The Andersons, Biggs, Bennett Auto, Frank's Auto Supermarket and Amazon.com.
GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 41% on trading volume of 13,457shares.
GWS stands for GreenWindSolar. GWSC’s products and solutions are part of the new "microgeneration" movement that is transforming the way everyday people provide for their energy needs. Through a growing line of solar and wind-powered products ranging from handheld devices that can recharge an iPod to wind turbines for point-of-use alternative energy generation, GWS is leading the way in the emerging microgeneration marketplace.
Today’s SmallCapVoice.com Hot Stocks to Watch:
Pax Clean Energy, Inc. (OTC BB: PXCE)
Pax Clean Energy, Inc. announced on March 9, 2009 that it had entered into a Stock Purchase Agreement with Mobile Video Development, Inc. ("MVDI"), an early stage technology company targeting applications in the exploding mobile social multi-media market.
Pax is pleased to announce that the due diligence processes have been completed, the Pre-14C has been filed and the stock held by the current management has been surrendered to the solicitors for cancellation on the closing of the transaction. We anticipate closing will occur prior to end of April 2009, subject to SEC review.
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