[BRIEFING.COM] The major averages are little changed from previous levels at midday.
Precious metals producer Newmont Corporation (NEM 100.70, -5.08, -4.80%) is the worst-performing S&P 500 name today as gold and silver pull back from record highs. Silver hit a fresh record high (82.67) before reversing to trade down $5.03, or 6.5%, at $72.08/ozt, while gold is down $189.10, or 4.2%, at $4362.40/ozt.
Even with today's losses, Newmont Corporation is still up 11% month-to-date and 170% this year amid a strong year for precious metals.