| NEW YORK
NEW YORK Oct 5 Mid-cap and small-cap stocks
were sharply higher on Tuesday, with Jamba Inc (JMBA.O) gaining
following news of a renewed partnership with Nestle NESN.VX.
The broader market also rose sharply, with the S&P 500
closing at its highest since mid-May.
Nestle, the world's biggest food group, and Jamba Juice
said they are close to renewing a partnership to develop a new
line of ready-to-drink energy beverages. Jamba rose 13.2
percent to $2.32. For details, see [ID:nSGE6940IY]
Materials shares as a sector were among top advancers, with
Minerals Technologies Inc (MTX.N) up 4.5 percent at $59.82.
Shares of Olin Corp (OLN.N) rose 4.3 percent to $20.58.
The S&P MidCap 400 index .MID rose 2.1 percent while the
S&P SmallCap 600 index .SML advanced 3 percent. In
comparison, the benchmark S&P 500 .SPX gained 2.1 percent.
Shares of Gymboree Corp GYMB.O also gained after sources
familiar with the situation said the children's apparel
retailer hired Goldman Sachs (GS.N) to begin a formal auction
of the company. Gymboree rose 6.4 percent to $51.33.
Also in the retail sector, shares of Skechers USA (SKX.N)
gained 7.8 percent to $24.33, while shares of Perry Ellis
(PERY.O) advanced 9.1 percent to $23.61.
(Reporting by Caroline Valetkevitch; Editing by Padraic