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US STOCKS SNAPSHOT-Wall St opens lower as oil prices gain; Russell 2000 slides

BY Reuters | ECONOMIC | 09:34 AM EDT

March 19 (Reuters) - 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 dropped 10% from its all-time intraday high.

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

(Reporting by Johann M Cherian in Bengaluru; Editing by Devika Syamnath)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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