As of 11:44 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.19% to 7,623, the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.13% to 26,384, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.42% lower at 51,561 as indexes retreated.

Gold is trading at $4,354.92, up 0.33%, while the 10-Year Treasury yield is up 5 basis points to 5.00%. Most sectors were trading flat or falling, with only utilities showing growth. Industrials and basic material stocks were the bottom performers this morning.

Today’s biggest moves

Netflix slipped almost 5% after Wells Fargo downgraded the stock and highlighted declining viewership. Space Exploration Technologies fell after the firm pushed its next…