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The Russell 2000 index of small-company stocks on Wednesday fell 13 points to 985, a loss of 1 percent. The Nasdaq composite was down 32 points at 3,469, or 0.9 percent.

The price of gold fell $10.20 to $1,367.40 an ounce, a drop of 0.7 percent. Crude oil fell $2 to $94.16 a barrel on the New York Mercantile Exchange.