The S&P 500 was down 1.5% at 3,768.07 in midday trading.
The Dow 30 decreased 1.9% to 30,515.79.
The Nasdaq was down 0.2% to 11,101.26.
The yield on a 10-year Treasury bond dropped 3.3% to 2.79%.
The price of gold fell 2% to $1765.40.
The price for a barrel of oil tumbled 9% to $98.65.
HOUSING
Irvine-based land developer Five Point Holdings LLC (NYSE: FPH) dropped 5% to $3.78 per share for a market cap of $561 million, as recession fears and a housing price slowdown weighed on construction stocks.
HEALTHCARE
Eye lens developer Staar Surgical Co. (Nasdaq: STAA) in Lake Forest rose 4% to $75.08 per share for a market cap of $3.6 billion. Investor website Defenseworld.net said earlier today that Staar Surgical beats Bausch + Lomb on 7 of 11 factors compared between the two stocks, including valuation, earnings, profitability, dividends, analyst recommendations, risk and institutional ownership.
