The S&P 500 was down 0.1% in midday trading to 2,378.71.
The Dow Jones Industrial Average was down 0.1% to 20,983.06.
The NASDAQ was down 0.1% to 5,856.40.
The yield on a 10-year Treasury bond rose 1% to 2.51%.
The price of gold fell 0.4% to $1,228.
Habit Restaurants Inc. in Irvine was up 12% to $15.43 and a $485 million market cap on positively received quarterly and full-year results.
Sunstone Hotel Investors Inc. in Aliso Viejo was down 1.8% to $14.48 and a $1.1 billion market cap. Analysts at Bank of America downgraded the hotel REIT’s shares to “neutral” with a price target of $16. Baird and FBR Capital registered a downgrade on Sunstone in January.