Russell opens higher
The Russell 2000 (NYSE: IWM) is gaining and the Dow Jones Industrial Average (INDU) is looking for another record close following economic news that eases inflation concerns.
At 10:05 a.m. ET the Russell 2000 had added 3.39 points, or 0.40%, to 851.86. The Dow Jones Industrial Average was up 34.06 points, or 0.24%, to 13,985.04.
The U.S. producer price index, which tracks the price of domestically produced goods, fell at a seasonally adjusted rate of 0.2% in June, the Labor Department announced before the start of trading. Economists were calling for a rise of 0.1%.
Energy products fell 1.1%, while the index for finished goods other than foods and energy increased 0.3% in June.
That’s an indication that inflation has not picked up despite a tight labor market and the rising price of oil.
In other economic news, industrial production in June added 0.5%, above the projected rise of 0.3%, the U.S. Federal Reserve said before the opening bell.
Total industrial production for the second quarter of 2007 has advanced at an annual rate of 2.9%, more than twice the rate of 1.1% during the first three months of the year.
That’s a sign that U.S. economic growth has accelerated.
The following were the most actively traded companies in Tuesday’s trading among those with market capitalizations under $500 million:
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| 10:03 et | Change | Change | Volume | Year High | Year Low |
