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Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Wednesday May 16th we're bringing you the latest news from around the markets as well as the top movers to look out for today... (HEADLINE NEWS) In Headline News Today... Stocks were all over the board Tuesday as investors weighed more proof of a potential rate cut sooner rather than later against a growing sense the market has gotten ahead of itself With the Fed reiterating last week that inflation remains a "predominant" concern, core CPI rising just 0.2% was initially viewed as very bullish. That pushed the year/year rate to 2.3%, a one-year low, and closer to the Fed's "comfort zone." However, with the bulls pricing in a fourth consecutive 0.1% increase in core CPI after a flat reading on core PPI last Friday, the market's initial bullish response lacked staying power. It is worth noting that the Labor Dept. also cited risks from rising energy prices in this morning's CPI report. Even though crude prices are about 9% lower than a year ago, prices at the pump rose to a record average of $3.08 a gallon yesterday with two weeks to go before the summer driving season officially begins. Crude for June delivery surged 1.1% today to close at $63.17/bbl, but the Energy sector failed to take notice. Also taking some steam out of stocks intraday was a report at 1:00 ET that showed home builders don't see a recovery in the troubled housing sector until next year. When the survey unexpectedly slid to a reading of 30 in May, matching the 15-year low set last September, the bears returned with evidence of their own to argue an increasingly overbought situation given deteriorating fundamentals. Of the 5 economic sectors trading higher, Materials paced the way; but as the S&P 500's least influential sector, it wasn't surprising to see why its 1.0% advance had little impact on the broader market. Fertilizers & Agricultural Chemicals was the day's best performing S&P industry groups The absence of upside leadership from four of the S&P 500's five most heavily-weighted sectors, though, contributed to the bulls' struggles to keep anything except the Dow from finishing lower. The Dow closed in record territory despite disappointing earnings results from two of its components And now for our Small Cap News... brought to you by Compress Technologies, Inc., (CTLG.PK) Compress Technologies, Inc., (CTLG.PK) is a Nevada based technology company who has garnered a group of patented and protected core technology solutions designed to greatly improve the efficiencies of bandwidth and network topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Bootie Beer Corporation announced recently that the company has filed an amendment to the Company's Articles of Incorporation to change the Company's name to TMT Capital Corporation. Bootie Beer Corporation will continue to operate as the first operating subsidiary of TMT Capital Bootie Beer Corporation will continue to operate as the first operating subsidiary of TMT Capital. Tank Sports announced an update recently on the integration progress of the company's post-acquisition of Redcat Motors. Redcat Motors is an importer and distributor of off-road power-sports products from China. The company has 5 regional warehouse locations and a dealership network of over 300 dealers Tank Sports also announced this month that according to un-audited statistics, with the addition of Redcat, the Company's sales revenues increased 18% in Feb, 20% in March, and 43% in April, compared to the same period of last year. The company expects that with the combination of both companies' revenues, the company plans to reach sales revenue of $2,300,000 (un-audited) this June. And that's our newsmakers, Stay tuned right here to Quality Stocks Daily for the latest news from small cap to large cap, and everything in by QualityStocks.Net, where performance is tracked daily. Thank you for tuning in, I'm Cathy Rankin, Have a great day and we'll see you tomorrow, right here on the daily report.