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The S&P 500 was down 0.9% to 2,716.10.
The Dow Jones Industrial Average fell 0.4% to 25,086.73
The Nasdaq lost 1.7% to 7,314.12.
The yield on a 10-year Treasury bond sank 1.2% to 3.13%.
The price of gold fell 0.4% to $1,232.
Pacific Premier Bancorp Inc. (Nasdaq: PPBI) plunged 8.5% to $27.36 and a $1.7 billion market cap. The Irvine bank yesterday reported revenue of $120 million for the third quarter and 46 cents earnings per share, both missing consensus estimates. Its shares are down 32% this year.
Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) fell 3.4% to $63.23 and a $1.3 billion market cap. Stifel Nicolaus yesterday lowered shares of the restaurant chain from a buy rating to a hold with a price target of $70.