Russell falling for third day
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:
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