The Dow Jones industrial average fell 50.81 points, or 0.24 percent, to close at 21,029.47, with Goldman Sachs leading decliners and Verizon outperforming.

The S&P 500 slipped 2.91 points, or 0.12 percent, to end at 2,412.91, with energy leading seven sectors lower and telecommunications the biggest advancer.

The Nasdaq declined 7 points, or 0.11 percent, to close at 6,203.19.

About nine stocks declined for every five advancers at the New York Stock Exchange, with an exchange volume of 770.36 million and a composite volume of 3.186 billion at the close.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.4.

—CNBC’s Jeff Cox contributed to this report.

On tap this week:

What to Watch


Earnings: Michael Kors, J. Jill, Hewlett Packard Enterprises, Palo Alto Networks, Box, Vera Bradley, Analog Devices

8:00 a.m. Dallas Fed President Rob Kaplan

9:45 a.m. Chicago PMI

10:00 a.m. Pending home sales

2:00 p.m. Beige book

7:30 p.m. San Francisco Fed President John Williams


May vehicle sales

Earnings: Dollar General, Lululemon Athletica, VMWare, Broadcom, Workday, Five Below, Yext, Cooper Cos, Express, Ciena, Mobileye

8:15 a.m. ADP employment

8:30 a.m. Initial claims

8:30 a.m. Productivity and costs

9:45 a.m. Manufacturing PMI

10:00 a.m. ISM manufacturing

10:00 a.m. Construction spending


Earnings: Hovnanian

8:30 a.m. Employment

8:30 a.m. International trade