The Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.
The Nasdaq alone was in the green as investors weighed the US funding deal and fresh auto delivery figures.
The Dow Jones Industrial Average was lower by 1%, or 370 points. The S&P 500 fell 1.3% at 1:30 p.m. ET in the stock market today. The Nasdaq fell 1.8% after rebounding from August's lows in a four-day rebound.