Russell 2000 looking flat
The Russell 2000 (NYSE: IWM) futures have moved up slightly but the small-cap index will likely open flat.
With little on the economic calendar today, Wall Street will be paying attention to corporate earnings and looking out for more pain stemming from the subprime meltdown.
Investors will also be paying attention to data on manufacturing in November, which will be released after the start of trading, with economists expecting to see evidence of a slowdown in growth.
Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:
Biggest percentage gainers:
• China Fire & Security Group, Inc. (CFSG), up 25%.
• JAKKS Pacific, Inc. (JAKK), up 9% on news a lawsuit filed against it by World Wrestling Entertainment Inc. (WWE) will be dismissed.
• Ampal-American Israel Corp. (AMPL), up 8% on news it has purchased a majority stake of an Israeli chemical distribution organization.
Biggest percentage losers:
• ParkerVision, Inc. (PRKR), down 17% after a weekend news article that questioned the viability of its technology.
• China Finance Online Co. Ltd. (JRJC) down 3%.
• Internet Gold Golden Lines Ltd. (IGLD) down 2%.
