Uploaded by QualityStocks on Feb 26, 2008
Welcome to The Daily Stock Report...brought to you by QualityStocks.net, where performance is tracked daily.
I'm Cathy Rankin, and for Thursday February 21st we're bringing you the latest news from around the markets ...
(HEADLINE NEWS)
Today's headline news are brought to you by QuoteMedia, Inc. (QMCI.OB). QuoteMedia, Inc. (QMCI.OB) is a leading data provider of financial stock market data , market news feeds, and related financial software solutions to financial service companies, online brokerages, clearing firms, banks and public corporations.
Lets get in to the Headline news for Wednesday...
The Federal Reserve lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation.
Oil futures rallied again yesterday, pushing briefly past $101 a barrel after the Federal Reserve lowered its forecast for economic growth this year, convincing energy investors that the central bank will slash interest rates further. At the pump, meanwhile, gas prices rose another 2 cents overnight.
The markets open this morning with...
The Dow up, 90.04 or point 73%
The Nasdaq up, 20.90 or point 91%
And the S&P 500 up, 11.23 or point 83%
And now for a look at the Small Cap news Quality Stocks is tracking...
Small Cap headlines are brought to you by Alliance Recovery Corporation (ARVY.OB). Alliance Recovery Corporation (ARVY.OB) is focused on developing ecologically friendly alternatives to the non-renewable resources currently producing the electrical power used by millions of people every day.
The QualityStocks.net Daily Newsletter highlighted Red Lake Exploration, Inc. (RLKX.OB) as "One To Watch" up 16% with 500 shares traded. Red Lake Exploration, Inc. (RLKX.OB) is engaged in the acquisition, exploration and development of natural resource properties in Chile. Red Lake Exploration, Inc.(RLKX.OB) shares climbed 16% following yesterday's announcement that the company had acquired options on the Santa Rosa and Camila mineral properties in its Chilean subsidiary
Hybrid Technologies, Inc. (HYBR.OB) up 4% with over 48 thousand shares traded. Hybrid Technologies, Inc. (HYBR.OB) announced at the start of this year that Hybrid's board of directors approved a jump from the OTBB to the NASDAQ, following a 7:1 reserve split effective January 17, 2008. Hybrid Technologies, Inc. (HYBR.OB) has maintained its high profile at a number of alternative energy conferences, where alongside America's major automotive manufacturers Chevrolet and Ford
Nymox Pharmaceutical Corporation (NYMX) closed with over 32 thousand shares traded. Nymox Pharmaceutical Corporation (NYMX)has continued to successfully expand its broad worldwide patent portfolio in support of its proprietary product development programs. Nymox was able to confirm that its experimental enlarged-prostate treatment was more effective than the widely used drug finasteride in a midstage study.
And that's our newsmakers, Stay tuned right here to QualityStocks Daily Newsletter for the latest news from small cap to large cap, and everything in between by QualityStocks.net. Where performance is tracked daily.
Thank you for tuning in, I'm Cathy Rankin, Have a great day and we'll see you tomorrow, right here on The QualityStocks Daily Report.
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