Updated from 2:16 p.m. EST with new stock prices
On a hesitant Friday for the broader market, small-cap stocks mostly stayed ahead of the pack and in positive territory. The Russell 2000 ticked up 2.3% to 729.98, and the S&P SmallCap 600 fared the same, rising 2.4% to 384.35.
Shares of CSK Auto (CAO Quote), a Phoenix, Ariz., seller of aftermarket auto parts and accessories, roared ahead 51.1% to $8.99 on news that O'Reilly Automotive made a bid for the company totaling about $845 million, or $8 a share, in cash.
Meanwhile, Sunnyvale, Calif.-based Infinera (INFN Quote), which operates a digital optical communication system governing network traffic, saw shares take off 44.1% to $14.69 on fourth-quarter earnings. Thursday after the close, the company posted non-GAAP earnings of $15.9 million, or 17 cents a share, vs. a loss of $7.3 million, or $1.04 a share, in 2006. Analysts polled by Thomson Financial were expecting EPS of 2 cents. This morning, Jeffries affirmed the news with an upgrade to buy from hold. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,442.86 | 1,105.92 | 2,168.97 | 32.33 |
Oil *
79.67
|
|
UP
98.02
|
UP
10.29
|
UP
24.37
|
UP
0.32
|
10 Yr
3.23%
SPDR Gold
117.12
|
|
+0.95%
|
+0.94%
|
+1.14%
|
+1.00%
|
Data delayed 20 minutes |
Connect with TheStreet