The S&P 500 was down 0.4% in midday trading to 2,755.72.

The Dow Jones Industrial Average declined 0.6% to 24,520.13.

The Nasdaq fell 0.7% to 7,729.54.

The yield on a 10-year Treasury bond dropped 0.8% to 2.91%.

The price of gold was 0.3% lower at $1,271.

HEALTHCARE

Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) in Irvine was down 3.4% to $19.66 and a $2 billion market cap. It makes drugs to treat cancer and blood disease.

Endologix Inc. (Nasdaq: ELGX) in Irvine was down 7.8% to $5.90 and a $496 million market cap. It makes a medical device to treat abdominal aortic aneurysms.

TECHNOLOGY

Veritone Inc. (Nasdaq: VERI) in Costa Mesa was down 16.2% to $18.10 and a $295 million market cap. The AI software maker priced a public offering of about 1.7 million shares, including underwriters’ allotment, at $18. It expects gross proceeds of $30.6 million, excluding an underwriters’ allotment of 255,000 shares. Book-runners include Roth Capital Partners in Newport Beach.

RESTAURANTS

Habit Restaurants Inc. (Nasdaq: HABT) in Irvine was up 3.6% to $10.20 and a $266 million market cap. It runs a chain of fast casual burger restaurants.