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Russell 2000 adds 11 auto, transportation stocks

By Associated Press
June 30, 2008 | Comments (0)

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Eleven stocks in the auto and transportation sector are being added to the Russell 2000 in this year's reconstitution of the small-cap index, while eight are being removed.

CAI International Inc., Dana Holding Corp., Dorman Products Inc., Fuel Systems Solutions Inc., Hawaiian Holdings Inc., International Shipholding Corp., Quantum Fuel Systems Technologies Worldwide Inc., UAL Corp., US Airways Group Inc., Wonder Auto Technology Inc. and YRC Worldwide Inc. are being added to the Russell 2000.

Air Transport Services Group Inc., Arctic Cat Inc., ExpressJet Holdings Inc., Miller Industries Inc., Monaco Coach Corp., Noble International Ltd., Pinnacle Airlines Corp. and Standard Motor Products Inc. are being removed from the small-cap index.

Tacoma, Wash.-based Russell Investments realigns the Russell 3000 index once per year, tracking what it says is 99 percent of the U.S. equity market. That index is then broken down to 26 smaller indexes, including the widely watched Russell 2000 index of small-capitalization stocks.

The makeup of the Russell indexes for the next 12 months was finalized after the closing bell Friday.

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