Rita Nazareth, Bloomberg
U.S. Stocks Pare Losses on Fed, ECB Speculation
U.S. stocks pared losses amid speculation the Federal Reserve may help the European Central Bank fight the region’s debt crisis.
Energy companies led Standard & Poor’s 500 Index gains, rising 0.7 percent for the largest advance among 10 industries.
The S&P 500 decreased 0.1 percent to 1,256.48 at 2:11 p.m. New York time, after falling as much as 1.1 percent. The Dow Jones Industrial Average retreated 18.69 points, or 0.2 percent, to 12,077.47.
“In Europe you have a political problem that requires a political solution, and that leaves the ECB and the global counterparts as the remaining credible actors,” Stephen Wood, who helps oversee about $163 billion as the New York-based chief market strategist for Russell Investments, said in a telephone interview. “You’ve got these storm clouds still in Europe even as on this side of the Atlantic the clouds are beginning to part.”
Yesterday’s Top Performing Small Cap Stock:
Global Financial Corporation (OTCBB: FGBF)
Global Financial Corporation was a SmallCapVoice top performer closing up over 8% on trading volume of 292,600 shares.
1st Global Financial Corporation is Approved for a Three Hundred and Fifty Million Euro, (490 million dollars USD) Revolving Credit Line for Purchasing Real Estate
LAS VEGAS, Nov. 16, 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 announce today that 1st Global has completed on an agreed credit facility with its bankers of three hundred and fifty million Euros, (490 million dollars USD).
Rita Nazareth, Bloomberg
U.S. Stocks Decline on Europe Concern
U.S. stocks declined, sending the Standard & Poor’s 500 Index down for a second straight day, as Italian, Spanish and French credit-default swaps surged to records amid concern Europe’s debt crisis is worsening.
Financial shares had the biggest decline in the S&P 500 among 10 industries, falling 0.8 percent as a group. Wal-Mart Stores Inc. (WMT) retreated 2.6 percent as profit at the world’s largest retailer trailed forecasts. LinkedIn Corp., a professional-networking website, slid 7.1 percent after saying Bain Capital Ventures will sell all of its shares in a secondary stock offering. Bank of America Corp. (BAC) rallied 1.8 percent as credit-card writeoffs declined in October.
The S&P 500 dropped 0.6 percent to 1,244.46 at 11:37 a.m. New York time. The benchmark gauge for U.S. equities has fallen 1.5 percent in two days. The Dow Jones Industrial Average retreated 77.72 points, or 0.6 percent, to 12,001.26 today.
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 9,426 shares.
Rita Nazareth, Reuters
U.S. Stocks Pare Gains as French Yields Jump
U.S. stocks rose, following the biggest decrease in the Standard & Poor’s 500 Index since August, as jobless claims fell to a seven-month low, Greece named a new premier and Italy’s bond yields declined.
Equities pared earlier gains as Apple Inc. slumped 2.1 percent and French bond yields surged amid concern about the nation’s debt. Cisco Systems Inc. (CSCO), a maker of networking equipment, jumped 5.6 percent as profit and sales beat estimates. Industrial shares in the Standard & Poor’s 500 Index rose the most among 10 groups, adding 1 percent, as General Electric Co. gained 1.8 percent. Merck & Co. jumped 2.8 percent after raising its dividend.
The S&P 500 added 0.5 percent to 1,235.36 as of 11:18 a.m. New York time, after climbing as much as 1.3 percent earlier. The benchmark gauge for American equities slumped 3.7 percent yesterday as one out of 500 stocks in the index gained, the fewest since June 2010. The Dow Jones Industrial Average advanced 65.17 points, or 0.6 percent, to 11,846.11.
Yesterday’s Top Performing Small Cap Stock:
GreenCell Incorporated (OTCBB: GCLL)
GreenCell Incorporated was a SmallCapVoice top performer closing up over 7% on trading volume of 68,375 shares.
Yesterday’s Top Performing Small Cap Stock:
American Petro-Hunter, Inc. (OTCBB: AAPH)
American Petro-Hunter, Inc. was a SmallCapVoice top performer closing up over 3% on trading volume of 68,375 shares.
American Petro-Hunter, Inc. is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months.
The Company is in production at the Poston Project in Trego County, Kansas and the North Oklahoma Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the “hunt” for domestic petroleum assets. Visit us at: www.americanpetrohunter.com.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCQB: TOOT)
Tootie Pie Featured On Epicurious.com
Tootie Pie Company, Inc. (OTCQB: TOOT) announced that its Award Winning Apple Pie will be featured in the current issue of Epicurious.com, the online magazine.
Matthew Craft, AP Business Writer
Stocks rise on hopes Greek vote will be scuttled
US stocks rise as Greek lawmakers revolt against putting bailout package to a vote
NEW YORK (AP) — Stocks edged up in early trading Thursday as hopes grow that a plan to tackle the European debt crisis will survive. The Dow Jones industrial average was up 70 points after the first hour of trading.
The European Central Bank also surprised markets early Thursday by cutting its benchmark interest rate to 1.25 percent. The bank had increased its key rate twice this year, but that was before Mario Draghi took over as head of the bank this week. The announcement sent European stock indexes modestly higher.
Greece’s prime minister shocked investors with a call this week to put a European rescue package to a vote. The prime minister was in an emergency meeting Thursday after members of his government called for him to step down. The hope is that a new government would approve the rescue package without a referendum.
Yesterday’s Top Performing Small Cap Stock:
GreenCell Incorporated (OTCBB: GCLL)
GreenCell Incorporated was a SmallCapVoice top performer closing up over 3% on trading volume of 170,826 shares.
GreenCell, Inc. Announces Completion of Working Prototype of Proprietary Ultra Temp(TM) Ceramic Igniter
Company Further Announces a Letter of Interest, With a Major OEM for Future Commercialization of Its Ground Breaking Ceramic Technology
Rita Nazareth, Bloomberg
U.S. Stocks Decline Amid Europe Concerns
U.S. stocks declined, trimming the biggest monthly advance since 1987 in the Standard & Poor’s 500 Index, on concern European leaders will struggle to raise funds to contain the region’s sovereign debt crisis.
Morgan Stanley and Citigroup Inc. dropped more than 5.5 percent as European banks fell and MF Global Holdings Ltd. filed for bankruptcy. Alcoa Inc. and Ford Motor Co. slumped at least 1.2 percent to pace losses in companies most-tied to the economy. Yahoo! Inc. slid 5 percent as it is said to be leaning toward selling Asian assets and redistributing proceeds to shareholders, rather than selling itself.
The S&P 500 dropped 1.2 percent to 1,269.19 as of 10:57 a.m. New York time. The gauge rose 12 percent in October and was poised to snap a five-month drop. The Dow Jones Industrial Average lost 135.78 points, or 1.1 percent, to 12,095.33.
Yesterday’s Top Performing Small Cap Stock:
Exergetic Energy Inc. (OTCQB: XNGR)
Exergetic Energy Inc. was a SmallCapVoice top performer closing up over 14% on trading volume of 6,200 shares.
Exergetic Energy, Inc. Receives Approval from FINRA to Begin Trading on the OTCBB
Company Seeks to Raise $10 million via Equity Line
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