Small-cap stocks rise higher into mid-day; UDR, GTX, and TIVO lead gainers

Selling interest in small-cap stocks picked up momentum in mid-session, stoked by investor concerns that President Obama’s inauguration speech did not provide details of his fiscal stimulus plans. Those concerns simply added to a market already bludgeoned by steep declines in the banking sector. Some of today’s small-cap gainers were UDR (NYSE:UDR), GTx (Nasdaq:GTXI) and TiVo (Nasdaq:TIVO).

Other Market Watch highlights today included:

• Energy shares were lower so far today, but the selling fury trailed that in other sectors as crude oil prices bounced some 3% as cold weather draped a large portion of the Northern and Eastern U.S. and on signs that OPEC is serious about production cutbacks.  
• The only S&P sector groups on the rise were gold, insurance stocks and tobacco companies.  
• The biggest losses were seen for asset management firms, regional banks, diversified financial services companies, diversified banks and real estate services firms.

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:

• VSE Corp. lowers 43% on news that the Army rejected a new contract bid from the firm. See: (Nasdaq:VSEC)  
• Small-cap company AspenBio Pharma Inc,which gapped lower and collapsed some 84% on unusually heavy volume as investors did not embrace news of preliminary results on the firm’s pain drug test. See: (Nasdaq:APPY)  
• Money management firm State Street Corp. was tumbles around 48% on huge volume after reporting disappointing results. See:(NYSE:STT)  
• The KBW Banking Index takes a beating, falling some 13% at midday as steep losses were posted for many of the nation’s most prominent banks. 

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