Stocks fall after spike in jobless benefits claims
Stocks drop after surprise jump in weekly claims for unemployment benefits
Source Stephen Bernard, AP Business Writer Yahoo Finance
NEW YORK (AP) — Stocks fell Thursday after first-time claims for jobless benefits rose unexpectedly last week.
The high unemployment rate in the U.S. remains one of the biggest worries for investors. The surprise jump in claims last week suggests that employers are still reluctant to create jobs, which could keep a damper on economic growth the coming months.
The Dow Jones industrial average fell 31 points in morning trading. Broader indexes also fell.
The Labor Department said initial claims for unemployment benefits jumped to 479,000 last week from a 460,000 a week earlier. Economists polled by Thomson Reuters had forecast new claims would fall modestly to 455,000.
The market will get a stronger reading on the jobs market on Friday when the government releases its closely watched monthly tally of payrolls and the unemployment rate. Investors have been getting mixed signals on the economy in recent weeks, and sent stocks higher on Wednesday after payroll company ADP reported that private employers slightly increased hiring last month.
Read More >>
Yesterday’s Top Performing Small Cap Stock:
GWS Technologies, Inc. GWSC
GWS Technologies, Inc. was a SmallCapVoice.com top performer closing up over 31% on trading volume of 50,960 shares.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie & Clint Black at Mi Casa
Aug. 5, 2010 (Business Wire) — Tootie Pie Company, Inc. TOOT announced its participation as a sponsor for the upcoming Clint Black concert at Mi Casa Restaurant & Cantina on August 14, 2010, in San Antonio, TX.
“Clint Black is a well established country & western star and we are happy to participate in this event with our good friends at Mi Casa Tamales,” said Don Merrill, President & CEO.
SmallCapVoice Clients’ News
Concordis Group, Inc. (Pink Sheets: CNGI)
Concordis Group, Inc. – Increases Sales Pipeline 300% in 2nd Quarter
DESTIN, Fla. — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced its current sales pipeline has increased 300% in the second quarter of 2010.
Concordis currently has 16 programs any various stages of development. Of these 16 captive cell programs, three are scheduled to be launched in 2010. The remaining 13 programs are in the due diligence and planning stages.
Other Small Cap News
Metalico, Inc. (NYSE Amex: MEA)
Metalico Reports Continued Improvement in Second Quarter
CRANFORD, NJ–(Marketwire – 08/05/10) – Metalico, Inc. MEA today reported net income of $4.4 million and earnings of $0.10 per share for the quarter ended June 30, 2010, with continued increases in volume, revenues, and operating income compared to the prior-year quarter.
Anooraq Resources Corporation (NYSE Amex: ANO)
Anooraq Announces Results for the Period Ended June 30, 2010
Anooraq consolidates 12-month operational turnaround at Bokoni
VANCOUVER, Aug. 5 /PRNewswire-FirstCall/ – Anooraq Resources Corporation (“Anooraq” or the “Company”) ANO announces production from the Bokoni Platinum Mines (“Bokoni”) and its financial results for the three months ended June 30, 2010. This release should be read with the Company’s Financial Statements and Management Discussion & Analysis, available at www.anooraqresources.com and filed on www.sedar.com. Currency values presented in South African Rand (ZAR), Canadian dollars (C$) and United States dollars (US$).
Juhl Wind Inc. JUHL
Juhl Wind, Inc. Announces Completion of the Woodstock Municipal Wind System
WOODSTOCK, Minn., Aug. 5 /PRNewswire-FirstCall/ — Juhl Wind Inc. (OTC Bulletin Board:JUHL), the Leader in Community Wind Power, today announced the recent completion and startup of the $1.8 million Woodstock Municipal wind system.
“Woodstock Municipal was one of two wind farms we constructed in the past six months and we are very pleased with how it has turned out,” stated Dan Juhl, Chairman and CEO of Juhl Wind Inc. “While this is one of our smaller systems, it is representative of a niche in the market that we believe we can serve very effectively – wind farms and systems designed to serve local municipal authorities through a unique form of community based, local ownership. In fact, we will soon announce a much larger project utilizing this structure.”
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its audio interviews, as well small cap company’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
The SmallCapVoice.com, Inc. Daily Highlights is an electronic publication, and is for informational purposes only. The Small Cap Voice Daily Highlights covers both client and non client issuers. Non client issuer’s news is listed under other small cap news. SmallCapVoice is an electronic publication providing information on selected public companies. All companies profiled on this website pay cash or restricted stock to SmallCapVoice as consideration for the electronic dissemination of the company’s information and our comments about the company. Section 17(b) of the Securities Act of 1933 requires that SmallCapVoice fully disclose the type consideration (i.e. cash, restricted stock, and restricted stock with registration rights, stock options, stock warrants, or other type consideration) and the specific amount of the consideration our company receives or will receive, directly or indirectly, from an issuer, underwriter, or dealer. No information contained in our website, e-mail communications or our publications should be considered as a solicitation to purchase or sell the securities of the profiled companies. SmallCapVoice is not a registered investment advisor or a registered securities broker dealer. We do not undertake or represent to make investment recommendations or to give advice pertaining to the purchase or sale of the securities mentioned in our web site, e-mail communications or publications. The information contained in our website, e-mail communications and publications are carefully compiled by SmallCapVoice from public sources that we believe to be reliable. SmallCapVoice, however, does not guarantee the accuracy of any information contained in our website, e-mail communications or publications. This material is not a substitute for either one’s own thorough investigation of an investment opportunity or the exercise of good business judgment. SmallCapVoice does not endorse, independently verify, or assert the truthfulness or reliability of any statements or data obtained from third party sources that are published by us about the profiled companies in our website articles, e-mail communications or publications, but we do not publish information that we know is incorrect. Investors should not rely solely on the information contained in our website, e-mail communications or publications when making investment decisions. Instead, investors should use the information provided on the profiled companies as a starting point for conducting additional research that will permit them to form their own opinions regarding the appropriateness of an investment in the profiled company’s securities. SmallCapVoice does not warrant, represent or guaranty that there has been no change in the affairs of the profiled company since the date that information was published on this website, in e-mail communications or in our publications regarding a profiled company or after the date of the profiled company’s press releases or other information disseminated via our website or publications. If you become aware of any change of circumstances related to any website article, e-mail communication or publication, please notify us immediately. See the Contact Us page for the appropriate e-mail address. The information contained in our website, e-mail communications and publications pertains to microcap, small cap and/or other thinly traded securities which by their very nature involve an extremely high degree of risk. An investment in these type of securities could result in the loss of some or all of an investment in the company. In addition, due to the illiquid nature of some of these securities, an investor may find encounter difficulties in liquidating the securities. SmallCapVoice may liquidate the stock consideration it receives at any time it deems it appropriate to do so after the required six-month holding period has run after the completion of the services for which SmallCapVoice was paid in stock. The liquidation of our stock may have a negative impact on the securities of the company liquidated, including decreased market value and/or dilution of the company’s securities. The following companies have paid, and/or have agreed to pay SmallCapVoice to: distribute the company’s information and reports on this website, to send e-mail communications; to send publications by mail, to post company Internet links on our website, and to compile and/or to distribute reports in an e-mail newsletter.
We encourage our readers to use caution when investing and educate themselves at the web sites of the Securities and Exchange Commission (“SEC”) at www.sec.gov and/or the National Association of Securities Dealers (“NASD”) at www.nasd.com. We encourage you to study the SEC’s policies regarding online newsletters at http://www.sec.gov/answers/newsltr.htm. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC’s EDGAR page. The NASD has published information on how to invest carefully at its web site. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our site.
Contact:
Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
Related posts
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
