Russell lags as Dow nears record
April 17 (SmallCapInvestor.com) – The Dow almost set a new closing record high today following news of low core inflation and stronger-than-expected home construction data. Small caps did not fare as well, with shares of teeth whitening company BSML Inc. (Nasdaq: BSML) falling on news of a possible delisting, while InsWeb Corporation’s (Nasdaq: INSW) doubled its stock price after reporting its first ever profit.
The Russell 2000 failed to improve after Monday’s record close, losing 2.48 points, or 0.30 percent, to 828.96. The Dow Jones Industrial Average was unable to set a new closing record despite adding 52.58 points, or 0.41 percent, to 12,773.04. The record is 12,786.64, set on Feb.20.
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The Russell 2000 failed to improve after Monday’s record close, losing 2.48 points, or 0.30 percent, to 828.96. The Dow Jones Industrial Average was unable to set a new closing record despite adding 52.58 points, or 0.41 percent, to 12,773.04. The record is 12,786.64, set on Feb.20.
Stocks posting small gains
April 17 (SmallCapInvestor.com) – Stocks are posting small gains this morning following news of stronger-than-expected home construction in March and an easing of inflation. Among small caps, weak quarterly sales are hurting shares of Universal Forest Products, Inc. (Nasdaq: UFPI), while InsWeb Corporation (Nasdaq: INSW) is surging after reporting its first ever profit.
At 10:50 AM the Russell 2000 was down 0.56 points, or 0.07 percent, to 830.88. The Dow Jones Industrial Average had gained 57.13 points, or 0.45 percent, to 12,777.59.
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At 10:50 AM the Russell 2000 was down 0.56 points, or 0.07 percent, to 830.88. The Dow Jones Industrial Average had gained 57.13 points, or 0.45 percent, to 12,777.59.
