Bond prices rose Thursday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.51 percent from 3.54 percent late Wednesday. The yield on the three-month T-bill was flat at 0.16 percent compared with late Wednesday.

The dollar mostly rose against other major currencies, while gold prices fell.

The Russell 2000 index of smaller companies fell 16.48, or 3.2 percent, to 500.98.

Overseas, Japan’s Nikkei stock average fell 0.6 percent. In afternoon trading, Britain’s FTSE 100 fell 2.5 percent, Germany’s DAX index declined 3.8 percent, and France’s CAC-40 fell 3.1 percent.