David K. Randall, Associated Press Business Writer
Stocks mixed in early trading; Gold jumps
Stocks mixed in early trading, European shares rebound, gold up
NEW YORK (AP) — Stocks are narrowly mixed in early trading, one day after the stock market’s most watched measure snapped a six-day streak of gains.
Gold is extending its gains Tuesday after closing at a record high on Monday. The precious metal is now trading at $1,420 an ounce. Investors have been buying gold on fears of inflation and a weaker dollar. Global stocks are mixed.
In corporate news, Chevron announced it will buy natural gas producer Atlas Energy for $3.2 billion.
The Dow Jones industrial average is down 22, or 0.2 percent, to 11,385. The S&P 500 is down 1, or 0.1 percent, to 1,223, while the Nasdaq composite index is up 1, or 0.1 percent, to 2,581.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 4% on trading volume of 17,663 shares.
David K. Randall, Associated Press Business Writer
Stocks start week lower as dollar gains
Stocks fall in morning trading after ending at more than 2-year highs last week, dollar gains
NEW YORK (AP) — Stocks pulled back Monday as the dollar rose and traders eased back from a rally that brought indexes to their highest levels since the peak of the financial crisis in September 2008.
The Dow Jones industrial average fell 62.03, or 0.5 percent, to 11,382.05 in late morning trading. It had surged 2.9 percent last week after the Federal Reserved announced a $600 billion stimulus package for the U.S. economy.
The Standard and Poor’s 500 index fell 5.97, or 0.5 percent, to 1,219.88. The Nasdaq composite index slid 0.73, or 0.1 percent, to 2,578.25.
Technology companies were the only group among the 10 industry areas of the S&P 500 index to post gains. Financial companies were down the most, at 1.3 percent.
Yesterday’s Top Performing Small Cap Stock:
Madison Ave. Media, Inc. (OTCBB: KHZM)
Madison Ave. Media, Inc. was a SmallCapVoice.com top performer closing up over 23% on trading volume of 23,551 shares.
Nov. 8, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that it has launched WomensAthletica.com (www.WomensAthletica.com) a comprehensive health, fitness and lifestyle blog / Ezine and online information intersection. WomensAthletica.com has been designed to relegate itself as an overall women’s online information intersection as to provide relevant information, news and opinion regarding women’s issues from health and fitness to lifestyle and fashion. WomensAthletica.com will have an expanding list of categories and contributors as it provides some of the most diverse mix of online content for women.
David K. Randall, AP Business Writer
Stocks surge a day after Fed reveals stimulus plan
Dow jumps 190 as retailers, energy shares post big gains; European shares up sharply
NEW YORK (AP) — Stocks rose sharply Thursday, one day after the Federal Reserve announced a $600 billion plan to stimulate the economy.
The Dow Jones industrial average rose 172.11, or 1.5 percent, to 11,387.24 in midday trading, a day after closing at its highest level since September 2008.
The dollar fell against other currencies as traders anticipated lower U.S. interest rates because of the Fed’s massive bond-buying program announced Wednesday. Commodities prices including crude oil rose.
Retailers reported solid sales in October, sending shares of major retailing companies sharply higher. Gap Inc. rose 6.1 percent while Macy’s Inc. jumped 4.1 percent.
Yesterday’s Top Performing Small Cap Stock:
Madison Ave. Media, Inc. (OTCBB: KHZM)
Madison Ave. Media, Inc. was a SmallCapVoice.com top performer closing up over 5% on trading volume of 9,800 shares.
Nov. 4, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that its newly released version of its ecommerce website BravadaWomen.com has performed beyond expectations in all metrics including sales, unique visitors, keyword search as well as a successful launch of its Multi-Pay program. During the initial two weeks of BravadaWomen.com’s new platform launch, BRAVADA has seen the following:
- 80% Increase in Sales
- Significant participation in its Multi-Pay program
- 250% Increase in unique visitors
- First page Google search for multiple keywords
- 300%+ Increase on Avg. Time on Site
- Decreased Bounce rate
- 300%+ Increase in Page Views
By Angela Moon – Reuters
Wall Street down sharply on economic uncertainty
NEW YORK (Reuters) – Stocks fell sharply on Wednesday after weaker manufacturing data from China and a gloomier growth outlook from the Federal Reserve heightened fears of a lackluster global economic recovery.
All S&P sector indexes were lower, with commodities and energy leading the way down as data in China pointed to lower consumption of raw materials and the International Energy Agency warned of risks to fuel demand if the global economy weakens.
Investors fled from riskier assets to safe-haven investments like the dollar and lower-risk government debt. U.S. 2-year Treasury note yields hit a record low.
Defensive stocks such as utilities and telecom held up better, with losses on the S&P utilities index limited to 1.5 percent. That move and a strong demand in bonds, are forecasting a “major slowdown in the economy,” said Ryan Detrick, senior technical strategist at Schaffer’s Investment Research.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 23% on trading volume of 44,100 shares.