The Dow Jones industrial average fell 113.64 points, or 0.55 percent, to close at 20,523.28, with Goldman Sachs leading decliners and Coca-Cola the top advancer.
The S&P 500 dropped 6.82 points, or 0.29 percent, to end at 2,342.19, with health care leading six sectors lower and consumer staples the biggest riser.
The Nasdaq pulled back 7.32 points, or 0.12 percent, to close at 5,849.47.
Decliners were a step ahead of advancers
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.4.
—CNBC’s Juan Aruego and Reuters contributed to this report.
On tap this week:
Tuesday
Earnings: Yahoo
Wednesday
Earnings: BlackRock, Morgan Stanley, American Express, eBay, Morgan Stanley, US Bancorp, TD Ameritrade, Textron, CSX, Canadian Pacific Railway, Qualcomm, Abbott Labs, Steel Dynamics, SLM
2:00 p.m. Beige book
Thursday
Earnings: Travelers, Verizon, Blackstone, Philip Morris, ABB, Bank of NY Mellon, Alliance Data, PPG Industries, Imax, MGIC Investment, KeyCorp, Nucor, Janus, Visa, Sonoco Products, Sherwin-Williams, Mattel, NCR, Danaher
8:30 a.m. Weekly claims
8:30 a.m. Philadelphia Fed
Friday
Earnings: General Electric, Honeywell, NextEra Energy, Kansas City Southern, Schlumberger, Rockwell Collins, Stanley Black and Decker, SunTrust, Morningstar, Steve Madden
9:45 a.m. Manufacturing PMI
10:00 a.m. Existing home sales
Watch: Goldman deputy CFO on earnings miss
