On Chinese Communist Party investigation, Fuwei Films Co., Ltd. leads Monday small-cap percentage losersFuwei Films Co., Ltd. (Nasdaq: FFHL) reported that some of its principal stockholders are being investigated by the Chinese Communist Party. After Friday’s closing bell, drug developer Neurochem Inc. (Nasdaq: NRMX) warned that it’s still working to overcome hurdles in the analysis of data from the testing of its Alzheimer’s drug Alzhemed. China Shenghuo Pharmaceutical Hldg, Inc. (AMEX: KUN) announced it has retained the investor relations services of CCG Elite. These are the biggest percentage losers in Monday’s trading among companies with market capitalizations under $500 million:
Russell drops third straight
The Russell 2000 led the descent as U.S. indices fell for the third consecutive day on news of higher yields on government bonds. The Russell 2000 shed 15.89 points, or 1.89%, to finish at 825.32. The Dow Jones Industrial Average dropped 198.94 points, or 1.48%, to 13,266.73.
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The yield on the 10-year U.S. Treasury rose to 5.13%, while the 2-year note climbed to 5.03%. The increase, the first time the 10-year note has passed $5 in almost a year. 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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