Russell closes at 7.03%; UDR, GTx, and TiVo lead gainers

The Obama reign got off to a rocky start today – at least as far as the market was concerned – with small-caps generating the largest one-day slide of the New Year, the worst inauguration day decline ever and the worst overall decline in some two months as bank stocks continued to reel and the profit picture retained storm clouds.  Some of today’s small-cap gainers were UDR (NYSE:UDR), GTx (Nasdaq:GTXI) and TiVo  (Nasdaq:TIVO).

Other Market Watch highlights today included:

• Crude oil rose some 6% into the expiration of the February futures contract, but energy stocks were down about 5% in sympathy with the decline in overall equities.  
• U.S. Investors are now worried that banks simply will not survive without in essence being “nationalized” at the expense of shareholders.  
• Royal Bank of Scotland posts the largest annual loss of any corporation in U.K. history.  
• Small-caps generating the largest one-day slide of the New Year, the worst inauguration day decline ever and the worst overall decline in some two months as bank stocks continued to reel and the profit picture retained storm clouds.  

Small Cap Gainers:

• UDR Inc, GTx Inc, and TiVo Inc open as lead gainers on Tuesday's session.  See:(NYSE:UDR), See: (Nasdaq:GTXI), See: (Nasdaq:TIVO).

Small Cap Losers:

• Natus Medical Inc. fell 25% as the maker of baby care products revised their outlook downward. See: (Nasdaq:BABY).  
• Aspen BioPharma Inc. tumbles 82% amid disappointment over a trial for a drug tied to appendicitis and abdominal pain. See: (Nasdaq:APPY).  
• VSE Corp. slumped 45% on the news that the Army rejected a new contract bid from the firm. See: (Nasdaq:VSEC).

For access to the full article, you must be a registered member - it's FREE.

Already a member? Please log in below