Small-cap stocks experienced a short, steady climb along with the broader market Wednesday. The Russell 2000 Index was up 2.5% to 678.11 while the S&P 500 was up over 1% to 1,230.93.
Among the winners was Dallas company Intervoice(INTV Quote), which provides voice and data solutions. It was up 21% to $8.12 on the day. On Wednesday, Intervoice announced it was being acquired by Convergys(CVG Quote) for $335 million, or $8.25 a share.
Eagan, Minn.-based major airline Northwest(NWA Quote) rose 21% to $6.56 following an overall rise in the airline industry. Delta Airlines(DAL Quote), which is set to merge with Northwest later this year, increased their cost-savings target from the planned acquisition to $2 billion from about $1 billion. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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