The stock market is slipping lower at midday, led by financial companies and retailers.
Genworth Financial and Chipotle Mexican Grill were among the biggest decliners on the Standard & Poor's 500 index. Genworth fell 5 percent.
The S&P 500 index lost 14 points, or 0.8 percent, to 1,850 at midday. The Dow Jones industrial average fell 124 points, or 0.8 percent, to 16,287.