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News for 'CYTR' - (www.streetinvesting.com: Continuing Our Look at CytRx Corporation)


Dec 08, 2006 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com is the author of
this release. This release is a result of our current concentration on CytRx
Corporation (NASDAQ:CYTR) and their latest corporate developments and market
performance. Our goal is to help investors seek a diversified portfolio by
introducing techniques to help grasp a better understanding and concept of the
market and the daily activities that a public company experiences. The first
stage of this process is to continually track CytRx Corporation and use the
information that we may find to our advantage. To learn more and become part of
the acclaimed online financial newsletter community, visit
www.streetinvesting.com for a complimentary subscription.

CytRx Corporation was up 6.90% Wednesday. Investors also saw approximately
1,533,760 shares having traded hands come market closure.

Wall Street's rally was cut short Wednesday as investors decided to hold off
until the release of the Labor Department's upcoming jobs report.

Although the week began on a strong note, many traders chose to sell ahead of
the government's November payroll report expected this Friday, as well as next
Tuesday's Federal Reserve meeting. As we had touched upon in our previous
articles, a number of recent economic reports have led some to believe that
policymakers may cut rates after over two years of hikes that halted in June.

The next few weeks will be an interesting an exciting time for both investors
and corporations alike. With Christmas nearing and recent economic changes
unfolding, Streetinvesting.com's research team will continue to keep our members
up to date on the latest market news and developments.

According to preliminary calculations, the Dow Jones industrial average lost
22.35, or 0.18 percent, to finish at 12,309.25.

Broader stock indicators also dropped, with the Standard & Poor's 500 index
declining 1.86, or 0.13 percent, to 1,412.90, and the Nasdaq composite index
sliding 6.52, or 0.27 percent, to 2,445.86.

CytRx Corporation stood out in the crowd Wednesday, and despite the day's
overall negative results secured notable returns for shareholders.

In some of the most recent news to surface surrounding this Company, which we
feel may have had an affect on the day's success in the marketplace, as well as
an ongoing affect on shareholder outcome, CytRx Corporation announced that
Matthew Natalizio, CytRx's Chief Financial Officer, is scheduled to present at
The New York Society of Security Analysts (NYSSA) 10th Annual Biotech &
Specialty Pharmaceutical Industry Conference on Tuesday, December 12, at 9:30
a.m. Eastern Time. The conference will be held on December 12, 2006, 8:30 a.m.
to 5:10 p.m., and December 13, 2006, 8:30 a.m. to 4:30 p.m. at NYSSA, 1177
Avenue of the Americas, 2nd Floor, New York City.

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