Russell kicks off the week in red; GEOY, AGYS, and MAIN lead gainers

Battered stocks limped to a dismal Monday close, with the Dow and S&P 500 falling to levels seen in 1997 as investors continue to pull money out on decreased confidence. Some of today’s small-cap gainers were GeoEye Inc.. (Nasdaq:GEOY), Agilysys (Nasdaq:AGYS) and Main Street Capital (Nasdaq:MAIN).

Other Market Watch highlights today included:

• The technology-laden Nasdaq composite index dropped 2.41%, and large-cap tech bellweathers bled red.  
• Tech stocks were getting pummeled today on news from The Wall Street Journal that Yahoo’s new CEO is planning a companywide reorganization.  
• News that the Treasury Department would lead a new bank bailout program that would include the option of allowing the government to increase its ownership in financial institutions did little to support investor confidence.  
• Battered stocks limped to a dismal Monday close, falling to levels seen in 1997 as investors continue to pull money out on decreased confidence.

Small Cap Gainers:

• GeoEye Inc. is up 18% after attaining full operational capability with its GeoEye-1 Satellite. See (Nasdaq:GEOY).
• Arrow ECS helps Agilysys with largest-ever independent system test for utility meter data management industry; shares rise nearly 5%. See (Nasdaq:AGYS).  
• Main Street Capital announces additional SBIC borrowing capacity from stimulus bill; shares climb 7%. See (Nasdaq:MAIN).  

Small Cap Losers:

• HealthSpring shares drop 33% on Medicare rate worries. See (NYSE:HS). 
• Chiquita Brands International is down another 22% today after reporting disappointing earnings on Friday. See (NYSE:CQB).  
• PetroQuest Energy Slips another 24% after reporting a Q4 loss late last week. See (NYSE:PQ).  

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