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A quiet opening

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Wall Street is trading close to the flat line this morning, with no major news items weighing on investors’ minds.
 
At 10:09 a.m. ET the Russell 2000 was down 2.17 points, or 0.26 percent, to 833.14. Dow Jones Industrial Average had added 9.99 points, or 0.07 percent, to 13,434.38.

The most significant risk facing the U.S. economy is that inflation will not moderate, according to top Federal Reserve official Sandra Pianalto this morning. Pianalto, who is president of the Federal Reserve Bank of Cleveland, said that inflation remains the dominant concern of the U.S. central bank, according to news reports this morning.

Pianalto added that America’s economic fundamentals remain solid even though problems in the housing sector may have reduced economic growth by a full percentage point.

The following were the most actively traded companies in Monday's trading among those with market capitalizations under $500 million:

    Price at %
10:05 et Change Change Volume Year High Year Low
 NFI  NOVASTAR FINL INC   8.83     -0.49     -5.3%     985.5k     35.97     3.25  
 INFN  INFINERA CORPORATION   26.90     +1.74     +6.9%     463.8k     26.41     0.88  
 LLNW  LIMELIGHT NETWORKS INC   21.00     -1.18     -5.3%     378.6k     24.33     21.30  
 HSOA  HOME SOLUTIONS AMER INC   6.18     -0.03     -0.5%     365.4k     8.24     4.29  
 RACK  RACKABLE SYS INC   13.25     -0.33     -2.4%     302.1k     40.42     11.25  
 XHB  STREETTRACKS SER TR   33.37     -0.49     -1.4%     296.8k     40.03     28.78  
 SORC  SOURCE INTERLINK COS INC   5.73     +0.18     +3.2%     280.0k     12.63     5.24  
 LGN  LODGIAN INC   14.77     -0.13     -0.9%     267.3k     15.77     11.45  
 BGF  B & G FOODS INC NEW   20.71     -1.00     -4.6%     263.1k     25.00     15.33  
 ENG  ENGLOBAL CORP   9.99     -0.37     -3.6%     209.2k     11.07     5.00