Biofuels Stock and Financial Outlook for September 11

The US stock market is expected to start higher this morning as the Manpower employment outlook index was unchanged for the upcoming quarter, despite previous drops in the August employment numbers that sparked recessionary fears last Friday. Major indices were up slightly in stock index futures trading. The US reports its international trade balance later today.

Monday continued where Friday left off with a whack taken out of Big Ethanol, with Aventine Renewable Energy (AVR) down 1.75% to $12.90, VeraSun Energy (VSE) down 2.17% to $12.65, and Archer-Daniels-Midland (ADM) down 0.52% to $32.54.

Some small caps found higher ground today, led by Environmental Power (EPG), up 3.28% to $5.04 and Green Plains Renewable Energy up 1.43% to $16.27. Business Week profiled VeraSun and A-D-M among other companies in a round-up on alternative energy.

In the broader markets, the Dow Jones industrials rose 14.47 points to 13,127.85, the S&P 500 fell 1.85 to 1451.70 and the Nasdaq slipped 6.59 to 2559.11. A rise in tech stocks sparked a brief rally which was squelched by news that oil prices neared another record.

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