Small caps lose steam
The Russell 2000 (NYSE:IWM) and the Dow are trading in the red. At 3:11 p.m. ET, the small-cap index was down 1.45 points, or 0.20%, to 709.20. The Dow Jones Industrial Average was down 70.28 points, or 0.56%, to 12,584.08.
Small caps have surrendered their earlier gains and fallen into negative territory with less than an hour left in the session.
Airline companies are currently the worst-performing industry group. Among the losers is Orlando, Fla.-based AirTran Holdings Inc. (NYSE:AAI), while shares of Allegiant Travel Co. (Nasdaq:ALGT) are bucking the trend, up about 1%.
On the other hand, gold and silver companies are currently the best-performing industry group. Among the winners is Tanzanian Royalty Exploration Corp. (AMEX:TRE), which is primarily engaged in gold properties in Tanzania.
