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As of midday trading, stocks continued to fall with the tech-heavy Nasdaq Composite (^IXIC), the biggest loss leader of the day, falling about 0.7%.

The benchmark S&P 500 (^GSPC) dipped more than 0.2% after the stock gauge closed at its highest level since August, while the Dow Jones Industrial Average (^DJI) also dropped roughly 0.2%. The yield on the 10-year Treasury note ticked down about 1 basis point to trade near 4.41% as crude oil (CL=F) dropped to trade near $77 a barrel.

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