Small-cap stocks were lumbering upward with the broad market until the Federal Reserve's announcement that a key interest rate will remain unchanged dampened the gains. Among the stalwart soaring names, however, was Spectrum Brands ( SPC). The Atlanta-based maker of Rayovac batteries and other products leapt 17.8% after announcing plans to sell an "attractive strategic asset." The company also predicted a year-over-year improvement in fiscal fourth-quarter earnings before interest, taxes, depreciation and amortization. Despite simultaneously posting a wider-than-expected adjusted loss for the fiscal third quarter, shares traded up 74 cents to $4.89. The stock helped to prop up both the Russell 2000 and the S&P SmallCap 600, which were respectively climbing 0.6% and 0.5%. Valassis Communications ( VCI) also lent support to the Russell 2000 after private-equity firm Delta Partners reported that it had dramatically upped its stake in the marketing-services firm to 9.1%, or some 4.3 million shares. Delta's prior Valassis ownership had been at 5.2%. Shares of the Livonia, Mich., company leapt 16% to $9.15. And Maryland's CompuDyne ( CDCY) surged 27.2% after The Gores Group and Stuart Mackiernan agreed to take it private for $7 a share in cash -- a 32.3% premium to Monday's close. Shares of the security-systems company were up $1.44 at $6.73. Heavily on the downswing, however, was forest-products company Pope & Talbot ( POP). Shares gave up 59.5% after the Portland, Ore., firm said it has failed to adhere to one of the covenants in its senior secured credit agreement -- a certain minimum in earnings before interest, taxes, depreciation and amortization. Consequently, it has entered into a six-week forbearance agreement "while it continues to explore options to improve its balance sheet." Shares traded down to 85 cents.