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|Includes: Cyclacel Pharmaceuticals, Inc. (CYCC), HOLL, MSSR
Stocks closed up today on Wall Street in the last hour despite the early response to retail sales. The NASDAQ closed at 2,242.38 boosted by chip sales. The Dow closed at 10,209.79 up .37% also compling its first weekly gain in a month. BP shares surprisingly bounced back today from a 13year low despite reports that the company would be suspending its dividend to pay out damages and clean up it’s massive oil spill. 

Gold is trading at 1,227.60, The Euro is trading at 1.2093, Oil is at 74.17.

With retail sales down, it is evident that the U.S. consumer is still feeling the burden of the slow economy. 70% of economic activity is consumer spending so a decrease in this metric will make for a steady recovery. 
For our world market indices, our Micro cap index finished up about 6 points or .8% lead by cyclacel pharmaceuticals (NASDAQ:CYCC) Express Jet Holdings (NYSE: XJT) and Mccormick and Schmicks Restaurant (NASDAQ: MSSR).

The WMM Nano cap index is up .15 points or .02% lead by Magnegas corporation (OTCBB: MNGA) Tix Corporation (NASDAQ:TIXC) and Hollywood Media Group (NASDAQ:HOLL)

In world news, the world cup kicked off its first match today, with South Africa vs Mexico ending in a 1-1 tie. The France vs. Uruguay match is on as I write. If the whole sovereign debt crisis wasn’t enough in Greece, now with high unemployment many middle class members are attempting to look outside of the country for employment, both decreasing taxable income and participation in the economy. (WSJ)

Finally, World Market Media has been following THQ and Majesco games quite closely for the past two weeks. The E3 expo will be taking place next Tuesday and will no doubt effect the stock prices of gaming companies in the small cap space we will be covering any new press regarding stocks within our space.

To view this article at World Market Media click on the link below:

Disclosure: no positions