The S&P 500 was down 0.3% in midday trading to 1,981.28.

The Dow Jones Industrial Average was down 0.4% to 16,587.42.

The Nasdaq was down 0.1% to 4,808.68.

The yield on a 10-year Treasury bond was up 0.4% to 2.18%.

The price of gold was up 1% to $1,134.

RESTAURANTS

Shares of two local restaurant chains rose when analysts at Stifel Nicolaus upgraded each to “buy” from “hold.”

Irvine-based Habit Restaurants Inc. was up 4.5% to $25.50 and a $650 million market cap. Stifel’s price target is $35. Shares had fallen about 30% in the last 90 days.

Costa Mesa-based El Pollo Loco Holdings Inc. was up 5.6% to $13.33 and a $510 million market cap. Stifel’s price target is $17. Shares had fallen about 40% in the last 90 days.