Small-cap stocks turn slightly down; IDMI and DMND lead gainers

Other Market Watch highlights today included:

• Stock index futures were in the midst of a hard bounce off the lows ahead of PPI, and pulled back slightly after the inflation headlines.
• The PPI report headline figure came in at minus 2.8%, which was a much bigger decline than the forecast of 1.8%.  
• Bank stocks, mining companies and oil services shares were soft overseas, flashing a show of weakness ahead of inflation data in the U.S. 
• Small caps to open solidly lower, pressured by slumping equity markets around the world overnight.

Small Cap Gainers:

• IDM Pharma receives recommendation for approval of Mifamurtide in Europe; shares pop 80% in pre-market. See (Nasdaq:IDMI).
• Diamond Foods, Inc. is up 3.23% in after hours after it was announced late Monday that the company would replace Flowers Foods in the S&P SmallCap 600. See (Nasdaq:DMND).  

Small Cap Losers:

• DivX sues Yahoo for ad deal pull out. Shares of DivX are down nearly 20% in pre-market. See (Nasdaq:DIVX).  
• Central European Media Enterprises down another 18.6% in pre-market after closing at a multi-year low on Monday. See (Nasdaq:CETV).  
• ReneSola reaffirms below estimates, shares dive over 17% in pre-market. See (NYSE:SOL).  
• Sigma Designs is down 8% in pre-market after revising its Q3 revenue outlook lower. See (Nasdaq:SIGM).  
• GM slipped 1% in pre-market after the White House opposed a plan pushed by Senate Dems for a $25B bailout of the nation’s auto industry. See (NYSE:GM).  

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