Wall St opens lower as oil prices gain; Russell 2000 slides

NEW YORK (March 19) Wall Street's main indexes opened lower on ​Thursday as crude prices ‌soared on intensifying Middle East hostilities, reviving inflation ​worries that have ​prompted the Federal Reserve to ⁠take a more ​cautious stance on interest rate ​cuts.

The rate-sensitive small-caps Russell 2000 index (.RUT), dropped 10% from ​its all-time intraday high.

The ​Dow Jones Industrial Average (.DJI), fell ‌90.3 ⁠points, or 0.20%, at the open to 46,134.87. The S&P 500 (.SPX), fell ​41.6 ​points, ⁠or 0.63%, at the open to ​6,583.12, while the Nasdaq ​Composite (.IXIC), ⁠dropped 281.4 points, or 1.27%, to 21,871.037 ⁠at ​the opening bell.

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