Russell 2000 opens lower
The Russell 2000 index is falling along with the other major American indices as a U.S. Federal Reserve official reiterates concerns of inflation.
At 10:16 a.m. ET the Russell 2000 was down 8.23 points, or 0.97 percent, to 840.02. Dow Jones Industrial Average had lost 83.97 points, or 0.62 percent, to 13,511.67.
Sandra Pianalto, President of the Fed Bank of Cleveland, said that the U.S. central bank must not be “complacent” about inflation, according to news reports this morning. Fed Chairman Ben Bernanke said on Tuesday that inflation remains a primary concern even though it’s expected to moderate in the coming months.
Investors interpret both remarks as an indication that a cut in the federal funds rate, which currently stands at 5.25%, is unlikely.
The following were the most actively traded companies in Wednesday's trading among those with market capitalizations under $500 million:
| Price at | % | ||||||
| 10:11 et | Change | Change | Volume | Year High | Year Low |
