The S&P 500 was down 0.9% in midday trading to 2,725.87.
The Dow Jones Industrial Average was down 0.9% to 25,311.90.
The Nasdaq declined 0.9% to 7,358.08.
The yield on a 10-year Treasury bond was down 0.4 % to 2.6%.
The price of gold rose 1% to $1,298.
The price of oil was down 2.5% to $55.26 a barrel.
RESTAURANT
Costa Mesa-based restaurant chain El Pollo Loco Holdings Inc. (Nasdaq: LOCO) was down 17% to $12.51 with a market cap of $492 million. The company forecast 2019 adjusted profit of 70 cents to 75 cents may be below the reported 74 cents in 2018.
RETAIL
AutoWeb Inc. (Nasdaq: AUTO) was up 16% to $3.92 with a market cap of $51 million. It reported fourth quarter results yesterday, saying a new a new algorithm “looks promising” to improving click traffic. Shares for the Irvine-based marketing firm for automakers and dealers have climbed nearly 30% this year.
