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Indices were down 0.7% each in midday trading.
The S&P 500 fell to 2,551.00. The Dow Jones Industrial Average was at 23,282.61. The NASDAQ hit 6,550.02.
The yield on a 10-year Treasury bond rose 1.3% to 2.41%.
The price of gold was up 0.1% to $1,279.
Edwards Lifesciences Corp. (NYSE: EW) was down about 9% to $103.50 and a $22 billion market cap. The heart valve maker reported higher sales of its main product but missed analyst expectations.
Tri Pointe Group Inc. (NYSE: TPH) was up 6% to $16.50 and a $2.5 billion market cap. The home builder and developer beat analyst expectations for revenue and profit. Shares are up by about one-third year-to-date.