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EchoStar Corp. (Nasdaq:SATS), ShengdaTech Inc. (Nasdaq:SDTH) and Brigham Exploration Co. (Nasdaq:BEXP) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Deerfield Capital Corp. (Nasdaq:DFR), Schawk Inc (Nasdaq:SGK), Tongxin International Ltd. (Nasdaq:TXIC), Massmutual Participation Investors (Nasdaq:MPV), Williams Controls Inc. (Nasdaq:WMCO) and City Telecom Depository Receipt (Nasdaq:CTEL).

Schawk Inc. (Nasdaq:SGK), Heritage Crystal Clean Inc. (Nasdaq:HCCI) and Summit Financial Group Inc. (Nasdaq:SMMF) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Schawk Inc. (Nasdaq:SGK), Medicis Pharmaceutical Corp. (Nasdaq:MRX) and Cardiovascular Systems Inc. (Nasdaq:CSII) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Michael Baker Corp. (Nasdaq:BKR), Renaissance Learning Inc. (Nasdaq:RLRN), First United Corp Maryland (Nasdaq:FUNC), Norwood Financial Corp. (Nasdaq:NWFL), Gencor Industries Inc. (Nasdaq:GENC) and Sigma Designs Inc. (Nasdaq:SIGM).

Old Second Bancorp Inc. (Nasdaq:OSBC), Syms Corp. (Nasdaq:SYMS) and Ferro Corp. (Nasdaq:FOE) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Green Bankshares Inc. (Nasdaq:GRNB), IPG Photonics Corp. (Nasdaq:IPGP), G&K Services Inc. (Nasdaq:GKSR), Kadant Inc. (Nasdaq:KAI), Bank of Marin Bancorp (Nasdaq:BMRC) and Schawk Inc. (Nasdaq:SGK).

Hansen Medical Inc (Nasdaq:HNSN), Green Bankshares Inc (Nasdaq:GRNB) and Tennant Co (Nasdaq:TNC) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IPG Photonics Corp (Nasdaq:IPGP), Flushing Financial Corp (Nasdaq:FFIC), Zep Inc (Nasdaq:ZEP), Facet Biotech Corp (Nasdaq:FACT), Schawk Inc (Nasdaq:SGK) and Cepheid (Nasdaq:CPHD).

Schawk Inc (Nasdaq:SGK), Hansen Medical Inc (Nasdaq:HNSN) and Flushing Financial Corp (Nasdaq:FFIC) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Small-cap stocks collapsed again Wednesday, unable to escape the glare of soaring energy prices that crimp consumer spending, raise business input costs and slice away corporate margins. The Russell 2000 (NYSE:IWM) shed 19.25, or 2.78%, to 672.34. This marked the fourth largest one-day decline of the year and the 15th decline in 2008 of 2% or more. In the end, small caps posted the lowest daily close since March 19.

Crude oil prices shot to new record highs after the weekly inventory report showed that crude stocks slipped below 300 million barrels for the first time since January. The prospect of tight stocks into a holiday weekend amid saber rattling between Israel and Iran ensured that a risk premium be priced into energy markets. In addition, spot gas prices jumped to a 30-month high, and it appears no commodity market will go without its turn in the sun. The Commodity Research Bureau Index of 19 commodity markets shot to yet another record high and is up 29% in 2008. In addition, new all-time highs were set in the small-cap commodity fund iPath GSCI Total Return Index, which is heavily weighted toward energy.

The dreary close in small caps was a far cry from this morning’s opening when rising European bank shares and talk that the capital-raising crisis had peaked fueled an opening bounce in stocks. That opening rise looked like a nice carryover sign of power in the shadow of Tuesday’s big recovery rally, but the resumption of selling fury today effectively clipped short any bottoming signs that may have been building off the bounce.

While soaring energy prices rightly gathered the lion’s share of attention during today’s collapse, bullish investors may have been scared into the cellar by this morning’s ADP National Employment Report, which showed a decline in payrolls of 79,000, the largest figure since November 2002. Although the correlation between ADP and the official Labor Department report has been unraveling of late, it’s still a scary figure . . .

Small-cap stocks briefly opened higher after the opening, but have steadily slumped in midday and afternoon trading. Bearish sentiments were fueled by the Commerce Department’s report that factory orders showed the weakest performance in three months during May and the continuing ascent of crude oil prices. The National Employment report also added to gloomy news, with payrolls down by 79,000. At 2:27 p.m. ET, the Russell 2000 (NYSE:IWM) was down 12.55, or 1.81%, to 679.04.

During May, factory orders rose by 0.6%, which met Wall Street’s expectation but gave nervous investors no reasons to buy. The Commerce Department’s report showed waning demand for steel, heavy machinery and autos. Soaring fuel prices, weak economic growth and the credit crisis continue to keep investors jittery as long-term prospects remain uncertain.

Crude oil prices gushed higher in afternoon trading to $142.64 a barrel in recent trading. The U.S. dollar is down against the euro and flat against the yen.

The ADP National Employment Report showed a decline of 79,000 in payrolls, which marked the largest decline since November 2002. In addition, ADP revised last month’s gain downward to 25,000 from 40,000. When the ADP report was released about 8:15 a.m. ET, the news sparked a bounce in Treasury futures, trimmed overnight gains in the dollar against the yen and sparked a pullback in overnight gains in stock index futures. The weak ADP figures were troubling ahead of the big monthly employment report slated for Thursday morning.

Analysts at Goldman Sachs cautioned that the correlation between the ADP report and the actual Labor Department monthly employment release has not been that reliable of late. Goldman said that from January 2000 through October 2007, the ADP served up a much tighter projection of the jobs report, but since then the standard . . .

Schawk Inc (Nasdaq:SGK), United Security Bancshares (AL) (Nasdaq:USBI) and Camco Financial Corp (Nasdaq:CAFI) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: SeraCare Life Sciences Inc (Nasdaq:SRLS), The9 Ltd (Nasdaq:NCTY), Community Bankshares Indiana Inc (Nasdaq:CBIN), Fronteer Development Group Inc (Nasdaq:FRG), Somanetics Corp (Nasdaq:SMTS) and Carmike Cinemas Inc (Nasdaq:CKEC).

Here are the biggest percentage gainers among small caps:

The Russell 2000 (NYSE:IWM) is posting solid gains in the last hour of trading. At 3:08 p.m. ET, the small-cap index was up 10.34 points, or 1.48%, to 708.72. The Dow Jones Industrial Average had advanced 105.20 points, or 0.84%, to 12,632.46.

Small-cap stocks are holding on to healthy gains after initially moving into positive territory shortly before 10 a.m. ET, as investors reacted to news before the opening that Wal-Mart Stores, Inc. (NYSE:WMT) has raised its earnings estimates for the first quarter of fiscal 2009.

In economic news, the U.S. Commerce Department reported before the start of trading that the trade deficit unexpectedly widened in February. The gap between imports and exports rose 5.7% to $62.3 billion from an upwardly revised $59 billion in March. Wall Street was expecting to see the gap narrow.

“Imports grew faster than exports — that was a surprise,” said Arun Raha, vice president of economic research and consulting for the North American operations of reinsurance company Swiss Re, in an email. “It just means . . .

Shares of Schawk Inc. (NYSE:SGK) are slipping on news after the close on Monday that the provider of digital imaging graphic services will restate its financial statements for the fiscal years ended Dec. 31, 2006 and 2005, as well as for each of the quarters ended March 31, June 30 and Sept. 30, 2007 due to accounting errors. As a result, the Des Plaines, Ill.-based company estimates that its profit for fiscal years 2005 and 2006 will be lower than previously reported.

At 10:48 a.m. ET, the stock was down $1.87, or 12%, to $14.12.

The Russell 2000 (NYSE:IWM) is rallying, having gained more than the other major U.S. indices. At 1:58 p.m. ET, the small-cap index had added 8.81 points, or 1.29%, to 691.99. The Dow Jones Industrial Average was up 85.81 points, or 0.70%, to 12,302.21.

Stocks small and large are rising as investors are apparently reacting to the Bush administration’s plan to overhaul financial regulation to prevent future crises like the ongoing subprime mortgage mess.

The proposal, outlined by U.S. Treasury Secretary Henry Paulson after the opening, would broaden the powers of the U.S. Federal Reserve and allow it to oversee financial services beyond banks. Additionally, oversight of U.S. securities and futures markets will be centralized under a single regulatory body.

The plans will take years to implement, Paulson said.

Shares of companies offering printing services are currently the best-performing industry group. Among the winners is Champion Industries, Inc. (Nasdaq:CHMP). Shares of the Huntington, W.Va.-based commercial printer and supplier of office products are up 1%.

Similarly, brand image solutions company Schawk Inc. (NYSE:SGK) is also seeing its stock price rise.

Switching gears, shares of Seattle, Wash.-based Zymogenetics Inc. (Nasdaq:ZGEN), which makes therapeutic proteins, are sagging.

“We believe ZGEN could trade down to around $5 to $6 on a soft launch . . .