Market indices declined in midday trading on comments by two Fed bosses here and two central bankers in Europe.
The S&P 500 was down 1.1% to 2,414.12. The Dow Jones Industrial Average was down 1% to 21,257.00. The NASDAQ was down 2.1% to 6,102.87.
The yield on a 10-year Treasury bond was up 2.2% to 2.27%.
The price of gold was down 0.3% to $1,245.
TECHNOLOGY
ADOMANI Inc. in Newport Beach was up 10.6% to $16.04 and a $1.1 billion market cap. The development-stage firm is working on products including an electric drivetrain system and batteries for fleet vehicles. The crowd-funded company went public June 15.
HEALTHCARE
Presbia PLC (NASDAQ: LENS) in Irvine was up 9.6% to a $38 million market cap on above average volume. The company makes a refractive optical lens implant for treating presbyopia, or farsightedness.
