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The S&P 500 declined 0.3% in midday trading to 2,869.28.
The Dow Jones Industrial Average fell 0.5% to 25,858.40.
The Nasdaq dropped 0.2% to 7,907.33.
The yield on a 10-year Treasury bond jumped 2.2% to 2.94%.
The price of gold was down 0.3% to $1,201.
Acacia Research Corp. (Nasdaq: ACTG) of Newport Beach rebounded 7.5% to $3.60 and a $178 million market cap. Shares of Acacia Research, which licenses patents and invests in technology, fell 12% yesterday to $3.35.
Boot Barn Holdings Inc. (NYSE: BOOT) in Irvine was up 2.6% to $30.51 and an $854 million market cap. Since the company boosted its fiscal outlook on Aug. 7, the shares have jumped 31%. In the past year, the shares are up four-fold.