Ryan Vlastelica, Reuters
Wall Street cuts losses, Nasdaq up
(Reuters) – U.S. stocks cut losses and the Nasdaq turned positive on Friday after a strong jobs report and strength in large-cap Internet stocks.
The U.S. economy added 200,000 jobs in December, the Labor Department reported, topping forecasts, and the jobless rate fell to 8.5 percent, a near three-year low. The data added to strong employment reports on Thursday.
The Dow Jones industrial average .DJI was down 49.42 points, or 0.40 percent, at 12,366.28. The Standard & Poor’s 500 Index .SPX was off 2.87 points, or 0.22 percent, at 1,278.19. The Nasdaq Composite Index .IXIC was up 1.78 points, or 0.07 percent, at 2,671.64.
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Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCQB: TOOT)
Tootie Pie Company was a SmallCapVoice top performer closing up over 1% on trading volume of 3,100 shares.
Rita Nazareth, Bllomberg
U.S. Stocks Fall on Concern Europe Struggling With Crisis
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third straight day, on concern that Europe is struggling to contain its debt crisis.
Newmont Mining Corp., Halliburton Co. and Mosaic Co. lost at least 3.2 percent as oil and metals tumbled. Joy Global Inc. retreated 9 percent, pacing declines in industrial companies, as the maker of mining equipment said demand for commodities will remain slow. First Solar Inc. (FSLR), the world’s largest maker of thin-film solar panels, plunged 21 percent after reducing its sales and profit forecasts.
The S&P 500 declined 1 percent to 1,213.04 at 11:15 a.m. New York time. The benchmark gauge for American equities has fallen 3.4 percent in three days. The Dow Jones Industrial Average decreased 109.48 points, or 0.9 percent, to 11,845.46.
“It’s all about the risk-off trade,” Mike Ryan, the New York-based chief investment strategist at UBS Wealth Management Americas, said in a telephone interview. His firm oversees $715 billion. “It’s continued concern about the euro zone. There’s nothing constructive that’s come out since last week. We haven’t seen the European Central Bank step up in a meaningful way. You also start to see now concern about what the impact will be on U.S. corporate earnings.”
Yesterday’s Top Performing Small Cap Stocks:
Stakool / Anthus Life Corp. (OTCBB: STKO)
Stakool / Anthus Life Corp. was a SmallCapVoice top performer closing up over 14% on trading volume of 73,324 shares.
Stakool/Anthus Life Corp. Garnering Sales in Corporate Catering Market at Resorts and Casinos
JACKSONVILLE, FL – (Marketwire) – 12/13/11 – Stakool Inc. (OTCBB: STKO) (PINKSHEETS: STKO), a Florida-based corporation, is pleased to announce that its wholly-owned subsidiary, Anthus Life Corp., is tapping into the corporate catering market for sales growth of its Natural plus Energy™ product line.
Ryan Vlastelica: Reuters
Wall Street opens flat on Europe caution
(Reuters) – Stocks opened little changed on Tuesday as investors continued to cautiously view the ongoing sovereign debt crisis in Europe.
S&P issued a downgrade warning for the region late Monday, but investors had some hope the threat would help force budget changes at a European Union summit this week.
The Dow Jones industrial average was up 16.57 points, or 0.14 percent, at 12,114.40. The Standard & Poor’s 500 Index added 0.41 points, or 0.03 percent, at 1,257.49. The Nasdaq Composite Index put on 2.15 points, or 0.08 percent, at 2,657.91.
Yesterday’s Top Performing Small Cap Stock:
Stakool / Anthus Life Corp. (OTCBB: STKO)
Stakool / Anthus Life Corp. was a SmallCapVoice top performer closing up over 23% on trading volume of 24,700 shares.
Angela Moon, Reuters
Wall Street rises after rebounding confidence data
(Reuters) – Wall Street rose for a second straight day on Tuesday as consumer confidence bounced back from a 2-1/2 year low in November, feeding appetite for risky assets.
Italian bond yields fell from session highs, calming fears about Europe’s debt crisis, but were still at record high rates. Investors also eyed a meeting of European officials in hopes they will provide a step forward in resolving the region’s debt crisis.
The Conference Board, an industry group, said its index of consumer attitudes jumped to its highest level since July, handily topped economists’ forecasts. For details, see
“I don’t know how long the impact will last, but it (consumer confidence data) did give us a nice pop, especially coming on the growing optimism that a European deal will be done,” said Phil Flynn, senior market analyst with PFG Best in Chicago.
The Dow Jones industrial average .DJI rose 72.81 points, or 0.63 percent, at 11,595.82. The Standard & Poor’s 500 Index .SPX put on 8.82 points, or 0.74 percent, at 1,201.37. The Nasdaq Composite Index .IXIC added 6.91 points, or 0.27 percent, at 2,534.25.
Yesterday’s Top Performing Small Cap Stock:
Beacon Enterprise Solutions Group Inc. (OTCBB: BEAC)
Beacon Enterprise Solutions Group Inc. was a SmallCapVoice top performer closing up over 7% on trading volume of 19,500 shares.
Stephen Kirkland and Rita Nazareth, Reuters
U.S. Stocks, Euro Advance as Italian Yields Retreat Amid Purchases by ECB
Stocks rose, with the Standard & Poor’s 500 Index rebounding from a one-month low, and the euro snapped a four-day slump as European Central Bank purchases pushed down Italian and Spanish bond yields and optimism about the U.S. economy grew.
The S&P 500 added 0.3 percent to 1,219.97 at 11:30 a.m. in New York, while the Stoxx Europe 600 Index slipped 0.6 percent, paring a decline of as much as 1.2 percent. The euro appreciated 0.4 percent to $1.3516. The yield on the Italian two-year note fell 14 basis points and rates on the nation’s 10-year debt decreased 21 points. The cost of insuring against default on European government debt decreased.
The ECB bought sovereign debt for fifth straight day as part of its efforts to halt turmoil in European bond markets. The purchases have helped bring Italy’s 10-year yield below the 7 percent level that foreshadowed bailouts for Greece, Ireland and Portugal. The U.S. Conference Board’s index of leading economic indicators climbed more than forecast, signaling the world’s largest economy will keep growing into early next year.
Yesterday’s Top Performing Small Cap Stock:
Global Financial Corporation (OTCBB: FGBF)
Global Financial Corporation was a SmallCapVoice top performer closing up over 9% on trading volume of 492,812 shares.
1st Global Financial Corporation Announces New Corporate Website and Updates Activities Regarding Potential Acquisitions Utilizing the 350 Million Euro Line of Credit
LAS VEGAS, Nov. 18, 2011 /PRNewswire/ – 1st Global Financial Corporation (OTC: FGBF), a real estate holding and trading company creating strategic partnerships with individual and institutional owners of property portfolios in the USA, United Kingdom, Europe, and the Caribbean, announced today that 1st Global will launch its new website by November 25. The Company also announced that based upon its 350 Million Euro Line of Credit, that it has been able to access financial institutions’ lists of property holdings and has presented offers to purchase on the properties that met the Company’s criteria.
Rita Nazareth, Bloomberg
U.S. Stocks Little Changed on Economic Data
U.S. stocks were little changed, recovering from an early slump, as concern about rising borrowing costs in Europe was tempered by a drop in American jobless claims and higher-than-forecast housing data.
Exxon Mobil Corp. and International Business Machines Corp. rose more than 1 percent to lead gains in the Dow Jones Industrial Average. Sears Holdings Corp. (SHLD) slumped 4.7 percent after the retailer reported a steeper third-quarter loss as sales declined in Canada.
The Standard & Poor’s 500 Index retreated 0.3 percent to 1,233.14 at 11:39 a.m. New York time after losing as much as 0.8 percent in early trading. The Dow climbed 8.4 points, or 0.1 percent, to 11,913.99.
Yesterday’s Top Performing Small Cap Stock:
Jammin Java Corporation (OTCBB: JAMN)
Jammin Java Corporation was a SmallCapVoice top performer closing up over 14% on trading volume of 739,522 shares.