Rochester, NY 8/22/2009 8:04:22 AM
Align Technology, Inc. ALGN , Align market trade gain profit
Align Technology, Inc.
Small-capitalization stocks plunged across the board as concerns about the economy investors taking profits and abandoning the riskier, more volatile names The broad decline, which began from the opening signal, didn't come as a surprise to many who said a correction was in order given the recent run-up in the markets. Small caps, which are those with less than $2 billion in market capitalization, fared worse than their larger peers as the energy and materials sectors led the declines.
The Russell 2000 index plunged 15.72, or 2.8%, to 548.18 and declined the most among major indexes. The Standard & Poor's Small Cap 600 index dropped 7.96, or 2.7%, to 291.22.
Among decliners in the energy sector were, which fell $1.63, or 12%, to $11.52 on the New York Stock Exchange, (NYSE) dropped 30 cents, or 11%, to 2.50, and which lost 71 cents, or 9.7%, to 6.64.
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