Small caps up 0.77%; EAC, TARG and CNTF lead gainersDuring midday trading, the Russell 2000 is one of few indices in the green, up 0.77%, however trading remains volatile, with the market popping back off a 3% mid-morning slide fairly quickly. Today’s small-cap gainers are Encore Acquisiton (NYSE:EAC), Targanta Therapeutics (Nasdaq:TARG) and China TechFaith (Nasdaq:CNTF). Other Market Watch highlights today included: • The industrial production report released this morning pegged output down 2.8%; the forecast was for -0.8%. Small Cap Gainers: • Targanta Therapeutics Corp. (Nasdaq:TARG) is up 49% on light volume, bouncing off a test of move lows. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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