The S&P 500 was down 0.2% in midday trading to 2,182.58.

The Dow Jones Industrial Average was down 0.3% to 18,565.48.

The NASDAQ was down 0.2% to 5,220.87.

The yield on a 10-year Treasury bond was down 4% to 1.51%.

The price of gold was down 0.5% to $1,344.

HEALTHCARE

HCP Inc. in Irvine was up 1.4% to $39.09 and a market cap of $18.3 billion. The healthcare facility owner will spin off its ManorCare portfolio as a new REIT named Quality Care Properties. The new REIT is expected to have 336 post-acute/skilled nursing properties, a surgical hospital and a medical office building.

MANUFACTURING

Kaiser Aluminum Corp. in Foothill Ranch was down 2.2% to $83.63 and a market cap of $1.5 billion. The company makes aluminum products in consumer, aerospace and defense, electronics, and automotive industries.