The S&P 500 was down 0.4% in midday trading to 2,123.55.
The Dow Jones Industrial Average was down 0.3% to 18,118.80.
The NASDAQ was down 0.4% to 5,195.21.
The yield on a 10-year Treasury bond fell 0.5% to 1.83%.
The price of gold rose 0.8% to $1,279.
Irvine-based Ingram Micro Inc. was up 2% to $36.60 and a $5.5 billion market cap. The technology products and services distributor reported quarterly earnings of $78.5 million on revenue of $10.2 billion. Earnings beat analyst estimates.
Irvine-based CalAtlantic Group Inc. was up 2.6% to $31.68 and a $3.8 billion market cap. The builder yesterday reported third quarter earnings of $132.1 million on revenue of about $1.7 billion in revenue.