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Russell falling for third day

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The Russell 2000 index opened in the red for the third day in a row on news of a rise in Treasury notes and despite strong May retail sales.
 
At 10:11 a.m. ET the Russell 2000 was down 3.67 points, or 0.44 percent, to 837.54. Dow Jones Industrial Average was down 17.63 points, or 0.13 percent, to 13,448.04.

The yield on the 10-year U.S. Treasury note cleared five percent for the first time in 10 months, rising 5.03%. On Wednesday the European Central Bank raised interest rates 0.25% to 4%.

In business news, same-store sales at U.S. retailers improved in May, following a sharp contraction in April. Bentonville, Ark.-based giant Wal-Mart Stores, Inc. (NYSE: WMT) reported a 1.1% increase in same-store sales, excluding fuel sales.

The following were the most actively traded companies in Thursday's trading among those with market capitalizations under $500 million:

    Price at %
10:05 et Change Change Volume Year High Year Low
 NFI  NOVASTAR FINL INC   9.61     +0.51     +5.6%     1,812.8k     35.97     3.25  
 HSOA  HOME SOLUTIONS AMER INC   6.60     -0.17     -2.5%     806.1k     8.24     4.29  
 NRMX  NEUROCHEM INC   6.92     -0.57     -7.6%     701.9k     26.51     5.72  
 STAR  STARENT NETWORKS CORP   14.73     +0.72     +5.1%     696.1k     28.46     13.29  
 DHT  DOUBLE HULL TANKERS INC   15.01     -0.38     -2.5%     609.6k     16.75     12.25  
 LEND  ACCREDITED HOME LENDRS HLDG   14.80     +0.00     +0.0%     574.5k     50.73     3.77  
 BIVN  BIOENVISION INC   5.69     -0.06     -1.0%     372.1k     6.41     3.23  
 KNSY  KENSEY NASH CORP   22.84     +0.05     +0.2%     370.9k     33.69     22.26  
 JSDA  JONES SODA CO   18.27     -0.28     -1.5%     370.7k     32.60     7.51  
 GPM  GENERAL MTRS CORP   22.89     -0.04     -0.2%     369.7k     25.49     18.78