The S&P 500 was down 0.4% to 3,959.49 in midday trading.
The Dow Jones Industrial Average rose 0.4% to 33,161.19.
The Nasdaq decreased 1.4% to 13,330.81.
The yield on a 10-year Treasury bond climbed 5.8% to 1.737%.
Oil fell 5.4% to $61.13 a barrel.
The price of gold was up 0.2% to $1,730.
OC banks rose compared to the general market, led by Irvine-based First Foundation Inc. (Nasdaq: FFWM), which was up 7.7% to $25.42 and a $1.1 billion market cap. Santa Ana-based Banc of California Inc. (NYSE: BANC) increased 5.2% to $21.27 and a $1 billion market cap. Pacific Premier Bancorp Inc. (Nasdaq: PPBI) of Irvine climbed 3.3% to $46.76 and a $4.4 billion market cap. The KBW Nasdaq Bank Index, which tracks regional banks, rose 3.2% to 125.75.
Allied Esports Entertainment Inc. (Nasdaq: AESE) rose 20% to $3.43 and a $132 million market cap. The Irvine-based company said a revised proposal from Bally’s Corp. to acquire the World Poker Tour constitutes a “superior proposal” under the company’s pending stock purchase agreement with Element Partners LLC.