The Standard & Poor's MidCap 400 index rose in midday trading Monday as investors digested a report showing the economy barely rose in April, and watched as Microsoft Corp. renewed talks with Yahoo Inc. in an attempt to join forces.
The S&P MidCap 400 is an index used to track mid-sized companies which have a market capitalization of $1.5 billion to $5.5 billion. According to S&P, midcap stocks make up roughly 7 percent of the U.S. equities market.
The index gained 5.62 points to 889.32.
Shares of Acxiom Corp., which provides marketing services, jumped $1.19, or 9.6 percent, to $13.70.
Shares of IndyMac Bancorp Inc. gained 9 cents, or 4.8 percent, to $1.97.
Shares of shipper YRC Worldwide Inc. gained $1, or 5.4 percent, to $19.57.
On the falling side, shares of Telephone & Data Systems Inc. lost $3.47, or 6.6 percent, to $49.38.
Shares of Alberto-Culver Co. shed 64 cents, or 2.3 percent, to $26.42. The beauty products maker said Monday it will sell its Cederroth International business to CapMan, a private-equity firm, for an undisclosed amount.
Shares of Dick's Sporting Goods Inc. lost $1.12, or 3.9 percent, to $28.
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