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A more upbeat mood among consumers is spreading to Wall Street.
Stocks are extending their gains Tuesday after a research group reported that consumer sentiment rose in May to the highest level since September.
The Conference Board says its Consumer Confidence Index surged to 54.9 from a revised 40.8 in April. Economists had expected 42.3.
Consumers' improving mood could make them more likely to shop more, and also make bigger purchases on cars and homes. Consumer spending accounts for more than two-thirds of U.S. economic activity.
The Dow Jones industrial average is up 145 at 8,422 after being up about 40 ahead of the report. The Standard & Poor's 500 index is up 15 at 902, while the Nasdaq composite index is up 43 at 1,735.
Yesterday's Top Performing Small Cap stock:
Mantra Venture Group Ltd. (OTC BB: MVTG | Quote | Chart | News | PowerRating) was a SmallCapVoice.com top performer moving up over 25% on trading volume of 16,600 shares.
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and, more importantly, socially and environmentally responsible investment for its shareholders.
Today's SmallCapVoice.com Hot Stock to Watch:
American Green Group, Inc. (Pink Sheets: AMNE)
American Green Group, Inc. is pleased to announce that its wholly owned subsidiary, Eco-Built Systems LLC, d/b/a Paradigm Polymers has optioned two more counties for $500,000.
AMNE which recently sold its first county in Broward County, FL for $250,000 to distribute Ecosafe Premium Foam® and has optioned Dade and Palm Beach County to the same company for $250,000 each. Dade and Palm Beach Counties are located in FL just to the North and South of Broward, collectively the three combined counties have an estimated population of over 5 million people and 2,400,000 housing units.
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AMNE believes as more people realize the benefits of Ecosafe insulation as an environmentally safe and friendly product, due to the foam being non-toxic and contains no petrochemicals or solvents, more counties will be sold.
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