| NEW YORK
NEW YORK May 7 Small- and mid-capitalization
stocks edged higher on Monday, with shares of Career Education
rising after a change in its status with an accrediting
Shares of Career Education jumped 8.7 percent to $7 after
the agency, the Accrediting Council for Independent Colleges and
Schools, lifted a "show-cause notice" on all the company's
colleges related to job placement rates of its students.
The stock had been under pressure because of questions
surrounding the placement rates.
Among other advancers, shares of Louisiana Pacific
gained 5.9 percent to $9.49 following the release of its
The S&P MidCap 400 index was up 0.4 percent while the
S&P SmallCap 600 index was up 0.2 percent. In comparison,
the benchmark S&P 500 was up 0.04 percent.
While much of the earnings news has been
stronger-than-expected for the first quarter, it has been offset
by weaker-than-expected economic data so stocks have not seen
much of an advance, said Scott Billeaudeau, portfolio manager,
Fifth Third Asset Management in Minneapolis.
The small-cap index is down 2.4 percent for the month so
far, while the mid-cap index is down 2.3 percent.
"Earnings have generally been better, but economic data
points have generally been worse," he said.
Among the weaker economic data was Friday's U.S. jobs
report, which showed a third straight month in which hiring had