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’s interview with Lyfe Communications, Inc. (OTCBB: LYFE) CEO Robert Bryson on his company’s strategy for providing next gen entertainment and communications over ultra fast IP (Internet Protocol) networks is available now at SmallCapVoice.com. In the interview, Bryson provides key insight on how the Company’s wholly owned subsidiary, Connected Lyfe, is developing and deploying an integrated TV, Internet and enhanced voice service delivered over broadband networks. For a link to the interview, visit http://smallcapvoice.com/blog/8-24-10-audio-interview-with-lyfe-communications-inc-otcbb-lyfe.
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Robert Bryson, Connected Lyfe’s president and CEO, called into SmallCapVoice.com to discuss the recent news, the management team and the business model and market for Lyfe Communications, Inc. (OTCBB:LYFE). Connected Lyfe is developing, deploying and operating a converged network services platform for the next generation of entertainment and communications. For more information visit www.connectedlyfe.com. The Company recently announced the purchase of all data provisioning rights to Ygnition Network’s multi-family residential communities in Los Angeles, San Francisco, San Diego, Phoenix, Houston, Dallas, and Seattle. Connected Lyfe’s services are currently available to individual households and multi-family communities in 11 Utah cities. Today’s news marks the expansion of Connected Lyfe’s ultra high-speed Internet platform to 73 residential communities representing 24,000 potential units.