U.S. equities lost ground at midday as bond yields rose following better-than-expected retail sales amid worries the Fed might not cut interest rates as much as anticipated this year. The Dow, S&P 500, and Nasdaq were all down.

Charles Schwab ( SCHW ) shares dropped as the discount brokerage and financial services company’s interest revenue tumbled and it paid a $172 million regulatory charge.

Shares of Tesla ( TSLA ) also declined as the electric vehicle (EV) maker cut prices in Europe of its most-popular EV, the Model Y, as demand slowed.

Shares of rival Ford ( F ) slid following a downgrade from UBS, which said the car maker could face tough competition.

Estée Lauder ( EL ) shares declined amid concerns about economic growth in China, where the beauty products manufacturer has struggled with sales .

Boeing ( BA ) shares, which had tumbled recently on worries about the safety of its 737 Max 9 planes, rose after federal officials said they had completed inspections of an initial group of 40 aircraft.

The yield on the 10-year Treasury note moved up to 4.1%. Oil and gold futures fell. The U.S. dollar gained on the euro and yen, but lost ground to the pound. Most major cryptocurrencies traded lower.