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Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks advance on heels of mixed economic data
The major stock indexes rose more than 1 percent Wednesday after reports showing stabilization in manufacturing activity in the United States, Great Britain, and the 16 countries that share the euro currency. Investors also appeared pleased about a fourth straight monthly rise in pending home sales in May.
Not all economic data was upbeat, however. Construction spending fell in May by more than the market expected, and the private sector lost more jobs in June than anticipated.
Stocks had fallen sharply a day earlier on a disappointing report on consumer confidence, but ended the second quarter with significant gains. The benchmark Standard & Poor’s 500 index had its best quarter in a decade.
In midmorning trading, the Dow Jones industrial average rose 99.23, or 1.2 percent, to 8,546.23. The Standard & Poor’s 500 index rose 9.84, or 1.1 percent, to 929.16. The Nasdaq composite index rose 21.82, or 1.2 percent, to 1,856.86.
Bond prices were mixed. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.56 percent from 3.54 percent late Tuesday.
Yesterday’s Top Performing Small Cap stock:
HearAtLast Holdings, Inc. (Pink Sheets: HRAL) was a SmallCapVoice.com top performer closing up over 14% on trading volume of 1,174,037 shares.
HearAtLast Holdings, Inc. a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced the formation of its advisory board with the appointment of Louie Mele, consultant and former CEO of McDonald’s Canada, and Gora Ganguli, President & CEO of VitaSound Audio, Inc.
Matthew Sacco, CEO of HearAtLast, commented, “The board was created to add depth to the management team and gather knowledge from experienced business professionals and select individuals within the industry. This will increase HearAtLast’s capabilities while exploring new opportunities to enhance shareholder value, business development and growth.”
This undertaking is targeting all divisions of the company to increase overall shareholder value and will be looked upon as an internal strategic audit of corporate performance and a re-examination of all opportunities for future revenue and growth. The Company is committed to improve the performance of HearAtLast for its shareholders. With the assistance of the Advisory Board, the Company will continue to be aggressive in pursuing all of the opportunities presented to the company while maintaining a controlled schedule of growth.
HearAtLast Establishes Advisory Board to Manage Growth Opportunities and Appoints First Two Members
Today’s SmallCapVoice.com Hot Stock to Watch:
BioElectronics Corp. (Pink Sheets: BIEL)
Emerging Growth Research Analyst, Joe Noel, Discusses EFT BioTech Holdings, Inc. in Audio interview at SmallCapVoice. The interview can be heard at http://smallcapvoice.com/blog/6-30-09-audio-interview-with-eft-biotech -holdings-inc-otcpk-eftb/.
BioElectronics Corp., the maker of inexpensive, disposable drug-free anti-inflammatory devices, today released statements from the management team and leading physicians regarding the recent FDA panel recommendation to lower the maximum daily dosage of acetaminophen and to restrict the sale of large acetaminophen dosages such as those contained in Extra Strength Tylenol.
“We are developing significant momentum around the world in the use of both ActiPatch Therapy and the Allay(TM) Menstrual Pain Relief Patch as a safe and effective alternative to acetaminophen,” said Andrew Whelan, CEO BioElectronics Corp. “Pulsed ElectroMagnetic Field (PEMF) Therapy has been proven safe and effective in hundreds of peer-reviewed scientific studies and is a strong alternative therapy for many types of musculoskeletal complaints and surgical recovery. We welcome the FDA panel’s findings that acetaminophen usage is potentially dangerous and should be restricted,” Whelan said. “We look forward delivering our proven safe and effective drug-free pain relief and healing technology to the American market as our clinical studies move toward conclusion.”
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