The S&P 500 fell 0.7% in midday trading to 2,866.17.
The Dow Jones Industrial Average declined 0.4% to 26,337.86.
The Nasdaq dropped 1.4% to 7,676.86.
The yield on a 10-year Treasury bond rose 0.3% to 3.23%.
The price of gold was down 1.3% to $1,190.
San Clemente’s ICU Medical Inc. (Nasdaq: ICUI) fell 3.8% to $263.34 and a $5.4 billion market cap. Shares for the maker of infusion therapy devices are still up 46% from a year ago.
Sabra Health Care REIT (Nasdaq: SBRA) in Irvine was up 3.4% to $22.66 and a $4 billion market cap. Shares of the owner of health facilities have risen 42% since February.