Russell 2000 slumps on inflation worries
The Russell 2000 index is in the red this morning following news that the U.S. central bank remains preoccupied with inflation. At 11:35 a.m. ET the Russell 2000 was down 2.84 points, or 0.34%, to 832.47. The Dow Jones Industrial Average was down 8.62 points, or 0.06%, to 13,415.77.
Shares of Israeli information solutions provider Sapiens International Corp. (Nasdaq: SPNS) are higher following news of a $20 million private placement round led by institutional investors Formula Systems Ltd. (Nasdaq: FORTY), Sapiens’ parent company. “One of our missions for this year was to ensure that all our subsidiaries have the adequate financial resources to support accelerated growth,” Formula President and CEO Gad Goldstein said on Sunday, June 10. Shares are up $0.08, or 3%, to $2.77.
Shares of Israeli information solutions provider Sapiens International Corp. (Nasdaq: SPNS) are higher following news of a $20 million private placement round led by institutional investors Formula Systems Ltd. (Nasdaq: FORTY), Sapiens’ parent company. “One of our missions for this year was to ensure that all our subsidiaries have the adequate financial resources to support accelerated growth,” Formula President and CEO Gad Goldstein said on Sunday, June 10. Shares are up $0.08, or 3%, to $2.77.
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