Stephen Bernard, AP Business Writer
Stocks edge higher after jobs, housing reports
Stocks inch up after pending home sales, factory orders rise and unemployment claims dip
NEW YORK (AP) — Stocks edged higher Thursday after reports on housing, manufacturing and jobs indicated the economy continues to grow, albeit slowly.
The Dow Jones industrial average rose 17 points in late morning trading. Broader indexes rose.
The Labor Department said first-time claims for unemployment benefits fell slightly last week, but remain well above levels that indicate a healthy economy. Claims dipped for the second straight week. They fell slightly below the level economists had forecast, which was somewhat encouraging ahead of the monthly employment report due out Friday.
The Dow rose 17.48, or 0.2 percent, to 10,286.88. The Standard & Poor’s 500 index rose 5.75, or 0.5 percent, to 1,086.04, while the Nasdaq composite index rose 14.99, or 0.7 percent, to 2,191.83.
The number of buyers who signed contracts to purchase homes rose 5.2 percent in July after hitting a record low in June, according to the National Association of Realtors. Sales plummeted in the months following the expiration of the government’s home buyer tax credit in April and economists were expecting that trend to continue for a third straight month.
Yesterday’s Top Performing Small Cap Stock:
Pro-Pointer, Inc. (Pink Sheets: PPII)
Pro-Pointer, Inc. was a SmallCapVoice.com top performer closing up over 29% on trading volume of 481,987 shares.
MIAMI BEACH, Fla., Sept. 1, 2010 (GLOBE NEWSWIRE) — Car Charging Group, Inc. (OTCBB:CCGI), an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, announced a strategic partnership to incorporate electric vehicle (EV) charging stations into both existing projects as well as future design offerings of Kobi Karp Architecture & Interior Design (KKAID) (www.kobikarp.com), located at 2915 Biscayne Boulevard, Miami, FL 33137-4197, a vertically-integrated and award winning firm specializing in international architecture, planning and interior design.
“Our portfolio includes luxury high-rise mixed-use developments, world-class hospitality and entertainment centers, high-end commercial and retail spaces. We have a long history in sustainable development. In April 2007, the United States Green Building Council (USGBC) recognized Baylights Condominium, a design project we spearhead, as the first green residential building in South Florida,” said Kobi Karp, principal and founder of KKAID. “Access to charging stations for electric cars is the next must-have accessory in upscale housing and forward-thinking developers are demanding this feature be incorporated into design plans as a perk to distinguish their offerings from competitors.”
Stocks are lower as investors await job report
Stocks edged lower Monday as investors took a cautious approach to trading before the government’s latest report on the jobs market.
Investors have been homing in on employment data as a key way of predicting where the economy is going. Signs of a slowdown in growth has plagued the market for more than a month. Investors are unsure if companies will be able to keep up strong earnings growth if the recovery runs out of steam or falls back into recession. And consumers aren’t likely to spend more until there are clear and regular signs of hiring.
Traders largely shrugged of a new report showing that personal spending inched higher last month.
In morning trading, the Dow fell 21.57, or 0.2 percent, to 10,129.08. The Standard & Poor’s 500 index fell 2.08, or 0.2 percent, to 1,062.51, while the Nasdaq composite index fell 3.52, or 0.2 percent, to 2,150.11.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 16% on trading volume of 10,000 shares.
Aug. 30, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview featuring Car Charging Group, Inc. (OTCBB: CCGI) is now available. The interview can be heard at http://smallcapvoice.com/blog/8-24-10-audio-interview-with-car-charging-group-inc-otcbb-ccgi/
Seth Sutel, AP Business Writer
Stocks rise after better GDP report; Bonds slip
Stocks move higher after 2nd-quarter GDP revision isn’t as bad as feared; Bonds slip
Stocks are mainly higher and bond prices slipped after the government reported that U.S. economic growth didn’t slow down as much as feared.
Stocks recovered from an early stumble Friday morning after Intel Corp. issued a profit warning and Federal Reserve Chaiman Ben Bernanke didn’t offer any concrete new steps for stimulating the economy.
The Dow Jones industrial average rose 58, or 0.6 percent, to 10,043 in morning trading. The Standard & Poor’s 500 Index rose 5, or 0.5 percent, to 1,052 and the Nasdaq composite index rose 12, or 0.6 percent, to 2,131.
Gross domestic product grew at a 1.6 percent rate in the second quarter, the government reported, not as bad as the 1.4 percent rate economists expected.
Yesterday’s Top Performing Small Cap Stock:
Convenience TV Inc. (OTCBB: CRPZ)
Convenience TV Inc. was a SmallCapVoice.com top performer closing up over 18% on trading volume of 308,156 shares.
MIAMI BEACH, Fla., Aug. 26, 2010 (GLOBE NEWSWIRE) — Car Charging Group, Inc. (OTCBB:CCGI) today announced that it has partnered with the City of Dania Beach Community Redevelopment Agency (CRA) to install and maintain charging stations for electric vehicles at the city’s brand new garage, located near City Hall in Dania Beach, Florida. The EV charging stations are installed and are available for use to the public effective immediately.
Widely regarded as a cornerstone for revitalizing the area’s downtown section, the garage features innovative architecture and eco-conscious features, including electric car charging stations. With parking spaces for 440 vehicles and a brand new hotel slated to begin construction within a few months, this environmentally-friendly parking structure is open and ready for business, complete with four charging stations provided by Car Charging Group, Inc. As the need for additional units becomes necessary, Car Charging will facilitate additional installations of EV Charging Stations.