3-1-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stuart Smith (March 1st, 2010) Writes:
Stocks are higher after AIG announced its biggest asset sale since being rescued by the government. A report of continued growth in manufacturing also lifted the market.
The Institute for Supply Management says Monday that its manufacturing index fell to 56.5 in February from 58.4 in January. The reading is below the 58 economists predicted. But the report finds that employment in manufacturing is improving.
Stocks rose after AIG agreed to sell its Asian life insurance business to Britain’s Prudential PLC for $35.5 billion. The deal is a sign of confidence in the economy.
In early morning trading, the Dow Jones industrial average rose 48.30, or 0.5 percent, to 10,373.56. The Standard & Poor’s 500 index rose 6.00, or 0.5 percent, at 1,110.49, while the Nasdaq composite index is up 14.67, or 0.7 percent, at 2,252.93.
Yesterday’s ...

![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)



