The S&P 500 was down 0.3% in midday trading to 2,265.73.
The Dow Jones Industrial Average was down 0.2% at 19,758.36.
The NASDAQ was down 0.2% to 5,545.23.
The yield on a 10-year Treasury bond rose 4.1% to 2.48
The price of gold fell 1% to $1,199.60.
Shares in OC Healthcare REITS were down on concerns federal legislators will cut spending and renegotiate contracts under the new presidential administration.
Healthcare facility owner HCP Inc. in Irvine was down 2.4% to $29.81 and a market cap of $14.1 billion. Healthcare property owner and lessor Sabra Health Care REIT Inc. in Irvine was down 2.3% to $25.43 and a $1.7 billion market cap. CareTrust REIT Inc. in San Clemente and Ensign Group Inc. in Mission Viejo had declined slightly by midday as well