Updated from 12:46 p.m. EDT with new stock prices
Small-cap stocks rallied Friday as positive earnings reports from several key players sent the broader market higher. The Russell 2000 climbed 1.8% to 720.65, and the S&P SmallCap 600 added 1.7% to 380.06.
Online closeout retailer Overstock.com (OSTK Quote) jumped 31.2% to $18.37. The Salt Lake City firm narrowed its first-quarter loss to $3.9 million, or 17 cents a share, from $21.4 million, or 91 cents a share, a year ago. Analysts polled by Thomson Financial were looking for an EPS loss of 32 cents.
Shares of iGate (IGTE Quote), a Pittsburgh provider of information technology and offshore outsourcing services, tacked on 17.1% to $7.74. iGate reported a first-quarter profit of $7.4 million, or 13 cents a share, up from $4.3 million, or 8 cents a share, in the year-ago quarter. The Street was looking for 9 cents a share. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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