The S&P 500 fell 0.5% to 2,709.38.
The Nasdaq declined 0.6% to 7,156.28.
The Dow Jones Industrial Average was down 0.5% to 25,153.57.
The yield on a 10-year Treasury bond declined 0.7% to 3.16%.
The price of gold fell 0.1% to $1,202.
Boot Barn Holdings Inc. (NYSE: BOOT) in Irvine was down 7% to $23.11 and a $654 million market cap. Shares in the western wear chain, which were trading at about 61% their daily volume, are up about 37% this year.
Urovant Sciences Ltd. (Nasdaq: UROV) fell 6% to $6.95 and a $209 million market cap. The shares are down 10% since Nov. 12 when it reported fiscal second quarter loss of $24.6 million. The Irvine-based clinical-stage biopharma company raised $144 million in its initial public offering in late September when it priced its shares at $14 each.