Small-cap stocks got dinged along with the major indices Monday, selling off hard in the opening hour of trading and then mostly staying in the red. The Russell 2000 slipped 0.7% to 725.14, and the S&P SmallCap 600 sank 1% to 380.64.
Heading up the losers, car rental company Dollar Thrifty (DTG Quote) lost 35% to $16.89 after slashing 2007 guidance Friday after the close. The Tulsa, Okla.-based company now predicts adjusted earnings ranging from 90 cents to 95 cents a share, down from a previous forecast of $1.75 to $1.85 a share. Analysts polled by Thomson Financial have been expecting a profit of $1.82 a share.
Also falling on lowered guidance was Virgin Mobile (VM Quote). The Warren, N.J., wireless company predicts a full-year 2007 loss of $3 million to $6 million. The Street is looking for a loss of $3.5 million. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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