Small-cap stocks posted solid gains Friday, jumping ahead of the broader indices. The Russell 2000 and the S&P SmallCap 600 were both up about 1.9%, to 781.90 and 402.68, respectively.
Deerfield Capital (DFR Quote) shares bounded 13.6% higher to $9.33 on news that the Chicago specialty finance company had completed its acquisition of Deerfield & Company LLC from Triarc Companies (TRY Quote). Deerfield paid Triarc and minority shareholders a total of about $75 million in five-year senior notes and converted preferred DFR stock. Shares of Triarc were up 2.2% to $8.54.
Also gaining was CPI Corp (CPY Quote), shares of which jumped 11% to $23.39. The gain in share price was a recovery from Thursday's loss after the St. Louis, Mo.-based owner and operator of Sears Portrait Studios announced third-quarter earnings. The company posted a per-share loss of $1.57 vs. a loss of 15 cents a share in 2006, which CPI attributed to its acquisition of portrait brand PictureMe. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
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