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The S&P 500 dropped 0.4% to 4,497.65 during midday trading.
The Dow Jones Industrial Average decreased 0.4% to 34,902.06.
The Nasdaq decreased 0.1% to 15,265.85.
The yield on a 10-year Treasury bond dipped 1.3% to 1.317%.
The price of gold rose 0.4% to $1,800.00.

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The price for a barrel of oil dropped 2.4% $67.61.


Shares in TV maker and media company Vizio Holding Corp. (NYSE: VZIO) in Irvine rose 5.6% to $19.35 apiece and a market cap of $3.6 billion. The company today announced Vizio SmartCast launched fuboTV, which offers over 100 live sports channels.

Avid Bioservices Inc.(Nasdaq: CDMO) dropped 13% to $20.62 per share and a $1.3 billion market cap. The Tustin-based contract maker of biologics yesterday forecasted fiscal 2022 sales that disappointed investors.