The stock market almost gained today on news that the Federal Reserve was keeping the U.S. interest rate unchanged at 5.25 percent. Keeping the rate unchanged his given investors confidence that the economy is still in good shape. The annual growth was 0.7 percent, which is the lowest it’s been in the past four years, but it showed that overall through each sector we have made gains despite the poor condition surrounding the housing markets and consumer confidence.The major markets finished mixed and was unable to generate gains for the second day in a row. The Dow and the S&P 500 dropped moderately as both fell by 0.04 percent. The S&P small cap index was able to reverse the trend in the larger markets with gains of 12 percent. Positive days in the market place generally yield several companies that have positive days as well making them today’s market movers.
Stockgroup Information Systems (OTCBB: SWEB) was able to follow up yesterday’s gains with even more movement today. Stockgroup announced today that they have entered into an agreement with Yahoo! Canada Finance. This will allow them to benefit from increased traffic and brand visibility driven by Yahoo! Stockgroup’s share price rose today almost 20 cents to $1.28, representing a gain of 18 percent.
Sweet Success Enterprises (OTCBB: SWTS), the maker of a line of innovative ready-to-drink healthy lifestyle beverages, announced today that their beverages will become available on samsclub.com beginning on July 1, 2007. The stock price moved well today to a new price of 57 cents. This is an increase of 31 percent, or 13 cents, on volume of 671 thousand.
Biovest International Inc. (OTCBB: BVTI) finished Thursday with a gain of 7 cents, or 9.4 percent, to $0.81 per share on volume of almost 90 thousand. Biovest announced today that blinded interim data from the start of its fast-tracked pivotal Phase III clinical Trial of BiovaxID, for Non-Hodgkin’s Lymphoma, revealed that the 122 patients involved in the study saw favorable results from BiovaxID 2 to 1.