Submitted by SmallCapVoice.com
Stocks dipped in morning trading following a big advance Monday
that sent the Standard & Poor’s 500 index into positive territory for the
year and the Dow Jones industrials up more than 200 points. Positive news on
the housing market drove the gains.
Careful remarks from Bernanke gave investors little comfort. The
Fed chief told Congress that the economy should start growing again later this
year, but he warned that economic activity is likely to be held back by more
job losses.
The mix of caution and optimism
contained in Bernanke’s remarks highlighted the conflicting forces that have
been tugging at the market in recent weeks.
An increasing amount of upbeat economic data has driven stocks to
their best two-month performance in nearly 35 years. However a number of dark
clouds still hang over Wall Street, including growing unemployment and mixed
news from first-quarter corporate earnings reports.
This week, two major news events could easily upset the market’s
mood. Results are due out Thursday for the government’s “stress tests” on
banks, and on Friday the government will report monthly payroll data, one of
the economic indicators most closely watched by investors.
Early Tuesday, the Dow was down 12.35, or 0.2 percent, to
8,414.39. The Standard & Poor’s 500 index fell 4.31, or 0.5 percent, to
902.93, while the Nasdaq composite index fell 16.16, or 0.9 percent, to
1,747.40.
Lifespan, Inc. (Pink Sheets: LSPN)
was a SmallCapVoice.com top performer moving up over 37% on trading volume of
1,022,000 shares.
Lifespan will commence the marketing of the Medical ScreenPhone,
its internet access telephony product, to the 14 trillion dollar US healthcare
industry as a medical verification, authorization and billing solution as well
as a home care communications tool. Lifespan anticipates that the medical
marketplace introduction will be rapidly followed by deployment into the
hospitality, banking/finance, security and other telecom markets.
Lifespan CEO, Mr. Ken Berscht stated, “Increased efficiencies are
sorely needed in healthcare. Currently, administrative costs in healthcare
exceed $200 billion each year. The Medical ScreenPhone can be easily utilized
to significantly improve the efficiency of a small part of the US medical
electronic data transfer (EDT) and electronic medical record (EMR) market. But
the best part of the use of the Medical ScreenPhone in this industry is that it
will ultimately improve the practice and delivery of healthcare to the benefit
of doctors and their patients.”
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE)