The S&P 500 was down 0.2% at 4,246.83 during midday trading.

The Dow Jones Industrial Average fell 0.4% to 34,272.25.

The Nasdaq dropped 0.5% to 14,097.92.

The yield on a 10-year Treasury bond was flat at 1.5%.

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The price of gold decreased 0.5% to $1,857.50.

The price for a barrel of oil climbed 1.3% to $71.77.

TECHNOLOGY

Auto-tech company Indie Semiconductor (Nasdaq: Indi), which went public in a reverse merger last week, fell 10.4% to $8.94 apiece. The shares are trading under the $10 SPAC (special purpose acquisition company) price.

Ad-tech company Viant Technology Inc. (Nasdaq: DSP) in Irvine lost 7.3% to $28.60 per share for a market cap of  $1.7 billion. The shares have shed more than half the value they reached in the opening days of trading in February.