The S&P 500 was down 0.4% to 4,665.78 during midday trading.

The Dow Jones Industrial Average was flat at 35,626.80.

The Nasdaq fell 1.3% to 15,649.32.

The yield on a 10-year Treasury bond increased 2.5% to 1.6650%.

Get the latest OC business updates for FREE

The price of gold rose 1.2% to $1,784.50.

The price for a barrel of oil jumped 2.5% to $78.69.


Shares in Foothill Ranch based loanDepot Inc. (NYSE: LDI) were down 9.9% to $5.76 per share for a market cap of $1.8 billion. Despite today’s loss, analysts who follow loanDepot on average expect it to add 114.9% over the next 12 months, market website said earlier today.


Orange-based provider of Medicare Advantage insurance plans Alignment Healthcare Inc. (Nasdaq: ALHC) fell 11% to $18.40 per share for a market cap of $3.4 billion. The shares have shed 6% of their value over the last month.