Stocks extended their gains to a second day Thursday after an upbeat profit report from Best Buy Co. and new unemployment numbers added to a sense that the economy might be finding its footing.
The report from Best Buy boosted hopes that consumer spending could show more resilience than some analysts had expected.
Readings on the nation's economic output and weekly unemployment claims gave mixed signals about the economy. But the numbers still largely supported a growing notion in the market the past two weeks that the economy might be showing early signs of stabilizing.
In midmorning trading, the Dow Jones industrial average rose 59.02, or 0.8 percent, to 7,808.83. Broader stock indicators also rose. The Standard & Poor's 500 index rose 7.39, or 0.9 percent, to 821.27, and the Nasdaq composite index rose 26.85, or 1.8 percent, to 1,555.80.
Yesterday’s Top Performing SmallCapVoice.com stock:
Ronn Motor Company, Inc. (Pink Sheets: RNNM) was a SmallCapVoice.com top performer moving up over 17% on trading volume of 154,537 shares.
Ronn Motor Company, Inc. announced today that while the Scorpion(TM) was in Sacramento, California being viewed by Governor Arnold Schwarzenegger, Damon Lavrinc of Autoblog.com conducted an interview, photo shoot and initial driving impression of the eco-exotic car.
Today’s SmallCapVoice.com Hot Stocks to Watch:
Defense Solutions Holding, Inc. (OTC BB: DFSH)
Defense Solutions Holding, Inc. commented yesterday on recent developments in Iraq, specifically in reference to the Iraqi budget that was passed on March 5, 2009. The Iraqi Parliament passed its 2009 budget of $58.6 billion to begin its country’s rebuilding process. Defense Solutions, a company “registered” with the Iraqi Ministry of Trade to conduct business in Iraq, is one of the few American companies working directly with the Iraqi government and is in a position to become a key supplier for all defense-related military hardware to the Iraqi government, as well as, a broker for additional contracts unrelated to the military that include the rebuilding of homes, businesses, fiber optic communication systems, and infrastructures like roads and bridges.
Defense Solutions is an international project management, executive consulting, and business development firm headquartered in Exton, PA with branch and satellite offices on four continents. Established in 2001, Defense Solutions' founding corporate philosophy is to deliver the world's best solutions for our service members who deserve the best equipment, technology, and training, in performing their jobs with minimal risk to their lives and well being.
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