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ArvinMeritor Inc. (Nasdaq:ARM), Drew Industries Inc (Nasdaq:DW) and Isilon Systems Inc. (Nasdaq:ISLN) are among the biggest percentage gainers in Friday trading among companies with market capitalizations under $1 billion.

Also included among the results: Stone Energy Corp. (Nasdaq:SGY), Nanosphere Inc. (Nasdaq:NSPH), Genoptix Inc. (Nasdaq:GXDX), Glen Burnie Bancorp Inc. (Nasdaq:GLBZ), Tenneco Inc. (Nasdaq:TEN) and Gentiva Health Services Inc. (Nasdaq:GTIV).

Universal Travel Group (Nasdaq:UTA), China Medical Technologies Inc. (Nasdaq:CMED) and Stone Energy Corp. (Nasdaq:SGY) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Gulfport Energy Corp. (Nasdaq:GPOR), James River Coal Co. (Nasdaq:JRCC), Idera Pharmaceuticals Inc. (Nasdaq:IDRA), Complete Production Services Inc. (Nasdaq:CPX), Patriot Coal Corp. (Nasdaq:PCX) and Horsehead Holding Corp. (Nasdaq:ZINC).

Stone Energy Corp. (Nasdaq:SGY), International Bancshares Corp. (Nasdaq:IBOC) and Celera Corp. (Nasdaq:CRA) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Swift Energy Co. (Nasdaq:SFY), Hughes Communications Inc. (Nasdaq:HUGH), Rosetta Resources Inc. (Nasdaq:ROSE), Polaris Industries Inc. (Nasdaq:PII), Quaker Chemical Corp. (Nasdaq:KWR) and SCBT Financial Corp. (Nasdaq:SCBT).

Stone Energy Corp. (Nasdaq:SGY), CVR Energy Inc. (Nasdaq:CVI) and Answers Corp. (Nasdaq:ANSW) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Rome Bancorp Inc. (Nasdaq:ROME), Investors Title Co. (Nasdaq:ITIC), International Bancshares Corp. (Nasdaq:IBOC), Gamco Investors Inc. (Nasdaq:GBL), Westmoreland Coal Co. (Nasdaq:WLB) and Electro-Optical Sciences Inc. (Nasdaq:MELA).

The market tried to stand tall through another batch of dreary economic data, but came up empty in the afternoon, with the Russell 2000 (NYSE:IWM) closing down 1.53%. Some of today’s small-cap gainers are G III Apparel Group (Nasdaq:GIII), Emeritus Corporation (NYSE:ESC) and BioSpecifics Technologies (Nasdaq:BSTC).

Other Market Watch highlights today included:

• The weekly claims report came in at 554,000, which was down from 575,000 last week, but basically in line with market expectations.
• The four-week moving average on claims rose to 543,750, which is the highest point since December 1982.
• The Philly Fed report came in at 39.3, which was up from last month’s reading, but still slightly below the consensus forecast.
• The overall employment picture in the U.S. is expected to get worse over the next couple of months.
• This morning, analysts at UBS lowered their forecast for 2009 profit estimates for the S&P 500. 
• Financial shares were on the mend today, and there were plenty of small banks near the top of the percentage movers list.
• Crude oil prices tumbled 9%, or $3.84 a barrel today, slipping to fresh four-year lows during the session
• Energy stocks paced the market’s afternoon slide, losing some 5%.

Small Cap Gainers:

• G III Apparel Group Ltd. (Nasdaq:GIII) closed 26% higher as the outerwear and sportswear manufacturer shot above the 20-day moving average for the first time since late October on solid volume.
• Emeritus Corporation (NYSE:ESC) rose 22% as the assisted-living . . .

Small-cap stocks finished off an up and down session with a jolting afternoon decline, as pressure from tumbling commodity stocks, weak profit reports and money flow away from equities toward credit instruments offset support from airlines and insurance companies. The Russell 2000 (NYSE:IWM) closed down 7.42, or 1.53% at 479.17 and is now down 37% for the year. Meanwhile, the Dow is off 35% for 2008, and the S&P 500 down 40%.

The market tried to stand tall through another batch of dreary economic data, but came up empty in the afternoon. The weekly unemployment claims report showed that 554,000 Americans filed for unemployment insurance last week, which might have been a drop from last week’s 26-year high, but was still a gloomy number in its own right. The four-week moving average for claims rose to 543,750, which itself ranks as the highest level in more than a quarter of a century. Data on mid-east manufacturing and leading economic indicators was predictably sour, but not a surprise.

Speaking of the economy, Federal Reserve Bank of Dallas President Richard Fisher said that the Fed “will not shy from pursuing every practicable means of supporting the functioning of financial markets and stimulating the economy back to a steady state by employing new techniques that fit the current circumstances.” What that means is that the Fed isn’t necessarily out of bullets just because interest rates are now effectively zero. Fisher said that the Fed would expand purchases of mortgage backed securities if that seems like a productive path. He also predicted that GDP would shrink 4% to 5% in the fourth quarter and that contraction was possible through the first half of 2009, with unemployment possibly rising beyond 8%. Fisher said that recent moves are starting to gain traction in credit markets but intimated that operations are still far from normal.

The yield on benchmark 10-year notes approached 2% today, reaching the lowest point in 50 years as investors continue to gobble up credit products as a safe-haven in a difficult environment for stocks. The 10-year yield (which moves inverse . . .

Integral System Inc. (Nasdaq:ISYS), Stone Energy Corp. (Nasdaq:SGY) and SVB Financial Group (Nasdaq:SIVB) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Take Two Interactive Software Inc. (Nasdaq:TTWO), BreitBurn Energy Partners L P (Nasdaq:BBEP), MDS Inc. (Nasdaq:MDZ), WNS Holdings Ltd. (Nasdaq:WNS), MSC Software Corp. (Nasdaq:MSCS) and California First National Bancorp (Nasdaq:CFNB).

Take Two Interactive Software Inc. (Nasdaq:TTWO), Tennant Co (Nasdaq:TNC) and Integral System Inc. (Nasdaq:ISYS) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Scholastic Corp. (Nasdaq:SCHL), Citizens Holdings Co. (Nasdaq:CIZN), Ensign Group Inc. (Nasdaq:ENSG), Stone Energy Corp. (Nasdaq:SGY), MDS Inc. (Nasdaq:MDZ) and Stewardship Financial Corp. (Nasdaq:SSFN).

Small-cap stocks pushed lower on the open as sloppy profit numbers and weak economic data returned to center stage now that the U.S. presidential election has been decided following last night’s historic runaway victory by Barack Obama. Today's small-cap gainers were EnerNOC Inc. (Nasdaq:ENOC), Silver Wheaton (NYSE: SLW) and Dollar Thrifty Auto (NYSE:DTG).

Other Market Watch highlights included:

• Crude oil prices pushed lower into the stock market open, staging a moderate pullback after Tuesday’s big rally and before inventory data comes out later this morning.  
• BMO's Andrew Busch: A stimulus package of $150B will likely be enacted, with checks mailed out by March.  
• From a strict company perspective, there is a broad sense that an Obama presidency would be positive for solar and wind companies.  
• Today Treasury said it will resurrect 3-year note, do more auctions of 10-year notes & 30-year bonds to fund the gvnt.’s borrowing needs.  
• There was another big pullback in Libor rates overnight, which should help encourage inter-bank lending and help thaw out the credit market freeze. 

Small Cap Gainers:

• EnerNOC Inc. rallied 25% today, riding a boost in the energy sector. See (Nasdaq:ENOC).  
• Silver Wheaton up 18% after it prioritizes debt reduction, remains bullish on silver. See (NYSE:SLW).
• Dollar Thrifty Auto jumping 18% in pre-market on better-than-expected earnings. See (NYSE:DTG).  
• Clinical research organization Kendle International reports record Q3 08 net income; shares up 12.46% in pre-market. See (Nasdaq:KNDL).  

Small Cap Losers:

• Clean Energy Fuels Corp. gapped lower and was down 17%, giving back most of the sizable previous three-day rally. See (Nasdaq:CLNE).  
• Stone Energy Corp. tumbled 20% tied to earnings news. See (NYSE:SGY).  
• i2 Technologies down 27% after JDA Software Group requested an adjournment of ITWO’s shareholder meeting to negotiate a reduced purchase price for the firm. See (Nasdaq:ITWO).  
• Ambac Financial Group Inc. is tumbling 26% as quarterly losses were much bigger than expected. See (NYSE:ABK).  

Small-cap stocks pushed lower on the open as sloppy profit numbers and weak economic data returned to center stage now that the U.S. presidential election has been decided following last night’s historic runaway victory by Barack Obama. At 10:05 a.m. ET, the Russell 2000 (NYSE:IWM) was down 7.05, or 1.29%, at 538.90.

The ISM Non-Manufacturing Survey came in at 44.4, which was well below the forecast of 48.0 and was at the lowest point in the 10-year history of the survey. Interestingly, stocks actually trimmed losses after the glum report, but remained in negative territory.

Earlier this morning, the ADP Employment Survey was reported at minus 157,000, well below the forecast for a 100,000 loss. Even though the ADP report has not been tracking very well with the Labor Department survey, today’s ADP data cast a pall on the market heading toward Friday’s big monthly employment report. In addition, the MBA Mortgage Applications Index tumbled 20.3% last week to the lowest point since December 2000 in response to a jump in fixed mortgage rates, and purchase activity slipped by 13.9% and is also at the lowest level since December 2000.

There was another big pullback in Libor rates overnight, which should help encourage inter-bank lending and help thaw out the credit market freeze. Supply remains an issue in credit markets and today the Treasury said it will resurrect the 3-year note and conduct more frequent auctions of 10-year notes and 30-year bonds to fund the government’s staggering borrowing needs.

The market was now buzzing over what impact President-elect Obama will have on difficult pressing issues about the economy, jobs erosion, the housing meltdown, the financial crisis and the wars in Iraq and Afghanistan. While it appears a daunting task, Obama will enter the job with a mandate for change from the people and a big majority in the House and Senate to further his plans. From a historical perspective, it’s interesting to note that the stock market has lost about 1% in the first month after electing a new Democrat changeover to the White House, but then the market has rallied 10% over a 12-month period after the election. From a strict company perspective, there is a broad sense that an Obama presidency would be positive for solar and wind companies and potentially negative for defense contractors and big oil companies.

Strategists with BMO Financial Group said in a press release that Obama’s . . .