Smallcaps lead market higher but trading remains light

Stocks eked out gains in another session of sparse trading, with today's spate of corporate deal-making and the remaining after-glow of last week's European stimulus moves giving little reason for investors to sell.

Smaller-company stocks continued to outperform, with the Russell 200 index gaining 0.9% to 1172 and maintaining a strong catch-up effort following a selloff earlier in the year.

The broader tech sector ended with modest gains while slipping into the close, aided by Apple's 1.6% gain on its first day of trading after the recent 7:1 share split and Analog Devices' deal to acquire Hittite Hicrowave.

Treasurys slumped overnight but reclaimed some of their losses during the session ultimately, the 10-year note fell 5 ticks, pushing its yield higher by 2 bps to 2.61%.

Comments (1)
  • wapiti
    , contributor
    Comments (711) | Send Message
    Free money!!! But the RUT and watch your money double
    9 Jun 2014, 04:26 PM Reply Like
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