Tag - Ibm

April 18 (SmallCapInvestor.com) – The Russell 2000 stumbled, but the Dow closed at a new record high as news of strong results from the financial sector offset tech sector woes.  Among small caps, Avanir Pharmaceuticals (Nasdaq: AVNR) tripled on news of a successful drug trial, while shares of Intevac, Inc. (Nasdaq: IVAC) were downgraded.

The Russell 2000 lost for the second day, dropping 4.58 points, or 0.55 percent, to 824.38.  The Dow Jones Industrial Average set a new record close, adding 30.80 points, or 0.24 percent, to 12,803.84.  The previous record was 12,786.64, set on Feb.20.

April 18 (SmallCapInvestor.com) – Stocks are generally sagging this morning on disappointing news from tech sector giants Yahoo! and IBM.  Among small caps, shares of Millennium Cell Inc. (Nasdaq: MCEL) are up on news of a strategic partnership to develop hydrogen fuel cell technology, while videophone developer WorldGate Communications, Inc. (Nasdaq: WGAT) faces delisting.

At 10:38 AM the Russell 2000 was down 2.79 points, or 0.34 percent, to 826.17.  The Dow Jones Industrial Average had lost 13.74 points, or 0.11 percent, to 12,759.30.