Small-cap stocks moved tightly with the broader market Monday for most of the day before coming up slightly higher than the rest, though still ending up in negative territory.
Among the winners was Metabolix (MBLX), which develops eco-friendly products, after it formed a joint venture with agricultural processor ADM (ADM) in order to make biodegradable plastics. The first plant for these purposes should launch in 2008. Cambridge, Mass.-based Metabolix surged 15% to $20.70; ADM closed 1.1% higher at $38.96.
Metals-components maker Kreisler Manufacturing (KRSL) shot up 18.4% to $24.28 after announcing a three-year deal with United Technologies (UTX) for F119 engine components. The deal, slated to begin Jan. 1 of next year, will bring in about $12 million in revenue, $2 million of which will be paid in advance. United Technologies added 30 cents to close at $67.78. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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