Welcome to The Daily Stock Report...brought to you by QualityStocks.net, where performance is tracked daily.
I'm Vanessa Ramirez, and for Friday, November 2nd we're bringing you the latest news from around the markets ...
(HEADLINE NEWS)
Today's headline news are brought to you by Intelligentias, Inc., ITLI
Intelligentias is positioned to be a leading provider of data forensic retention software for telecommunications companies, Internet service providers, businesses, and law enforcement agencies all over the world.
Lets get in to the Headline news for Thursday...
Wall Street plunged Thursday, pulling the Dow Jones industrial average down more than 360 points as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy.
The Fed, which cut interest rates a quarter point, said in a statement that inflation remained a concern, and oil's ascent to another record raised the possibility not only that the Fed might stop cutting rates, but that it might even consider raising them if inflation accelerates.
The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch. The action came one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate. It was the second time in six weeks that policymakers acted to protect the economy from the effects of the housing downturn and credit troubles.
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The markets open this morning with...
The Dow down, 362.14 or 2.6%
The Nasdaq down, 64.29 or 2.25%
And the S&P 500 down 40.94 or 2.64%
And now for a look at the Small Cap news Quality Stocks is tracking...
Small Cap headlines are brought to you by On The Go Technologies Group. ONGO
On The Go Technologies Group's focus is marketing high-end software and hardware products to the Fortune 1000 and SME business communities, as well as pioneering practices that are quickly becoming a key part of the Canadian Healthcare IT digital imaging industry
Phantom Fiber Corporation (PHFB.OB) this month announced a multi-year contract with non-related Phantom EFX to port several of Phantom EFX's most popular games to more than 1,000 mobile devices, including cellular phones and PDAs.
The new games will be available on most mobile devices, and will allow gamers to play online versus other live gamers or independently on their PDA's or cell phones.
HealthSonix (HSXI.PK) announced they have chosen Boca Raton, Florida, for the first location for the company's specialty Arthritis Treatment Centers of America, scheduled to open in Spring 2008.
The company also announced the launch of major media campaign for ZingiberRx the companies affordably priced pain reliever, which comes in 80 gram tubes and provides about a month of pain relief.
My Vintage Baby, Inc,(MVBY.PK) reported a 31% increase in sales generating $700k in orders resulting from its efforts at the children's fashion markets for Dallas, TX, Atlanta, GA and New York.
The company also announced on Friday that VOGUE hand selected My Vintage Baby to feature its Fall 2007 line in the VOGUE BAMBINI fashion show
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 Vanessa Ramirez, Have a great day and we'll see you tomorrow, right here on The QualityStocks Daily Report.
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you're cute !
djphatd 2 years ago