Tag - TWPG

Frontier Financial Corp Washington (Nasdaq:FTBK), Thomas Weisel Partners Group Inc (Nasdaq:TWPG), Mays JW Inc (Nasdaq:MAYS) and CPEX Pharmaceuticals Inc (Nasdaq:CPEX) are among the biggest percentage Gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Landrys Restaurants Inc (Nasdaq:LNY), Ameriana Bancorp (Nasdaq:ASBI), Colony Bankcorp Inc (Nasdaq:CBAN), Travelzoo Inc (Nasdaq:TZOO) and First M&F Corp (Nasdaq:FMFC).

The Russell 2000 (NYSE: IWM) posted a big loss as news of liquidity problems at Bear Stearns spread credit fears. The small-cap index fell 16.81 points, or 2.47%, to 662.90. The Dow Jones Industrial Average (INDU) declined 194.65 points, or 1.60%, to 11,951.09.

On a year-to-date basis, the Russell 2000 has lost13.46%, while the Dow is down 9.90% and the S&P 500 has retreated 12.27%.

Stocks small and large tumbled today on news that Bear Stearns’ (NYSE: BSC) cash position has deteriorated significantly over the past 24 hours. The investment bank, which has been highly exposed to the subprime mortgage sector, turned to J.P. Morgan Chase & Co. (NYSE: JPM) and the New York Federal Reserve for short-term financing to alleviate its liquidity problems.

There’s speculation that Bear Stearns will soon be purchased by one of its larger rivals. News of the company’s problems spread fears of a severe credit squeeze, leading to a sharp sell-off.