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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (60051)	5/1/2006 4:53:50 PM
From: shades	Read Replies (1) \| Respond to of 110194

Small-Cap Stocks Fall, But Aerospace Sector Climbs . By Anjali Cordeiro Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Small-capitalization stocks fell slightly Monday as investors considered a rise in bond yields, higher oil prices and a raft of merger-and-acquisition news. The aerospace-related sector shrugged off weakness in the overall market, helped by earnings and acquisition news. Aviall Inc. (NYSE) soared 9.26, or 25%, to 46.96 after large-cap Boeing Co. said it would buy the Dallas provider of aviation parts and services, for about $1.7 billion. AAR Corp. (NYSE), also a provider of products and services to the aerospace industry, climbed 1.47, or 5.5%, to 28.15. First Aviation Services Inc. gained 19 cents, or 4.6%, to 4.37 after the airplane-parts supplier said it swung to a fourth-quarter profit. On the other hand, shares of auto-parts companies were weak after Calyon Securities downgraded American Axle & Manufacturing Holdings Inc. to reduce from neutral, saying that it found the supplier's first-quarter results disappointing. American Axle dipped 1.14, or 6.5%, to 16.47; and Modine Manufacturing Co. declined 1.36, or 4.7%, to 27.65. The Russell 2000 small-stock index fell 3.42, or 0.45%, to 761.12. The S&P SmallCap 600 Index declined 0.56, or 0.14%, to 394.02. Bond yields rose after the day's economic data came in strong and showed that inflation was up, said Edgar Peters, chief investment strategist at PanAgora Asset Management. "There isn't any sign that the economy is slowing down," he said. "This kind of information is not the kind you would like if you want the Federal Reserve to pause." (MORE TO FOLLOW) Dow Jones Newswires May 01, 2006 16:31 ET (20:31 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 04 31 PM EDT 05-01-06