Stocks moved lower on Monday as investors evaluated the Federal Reserve's plan for interest rate hikes as tensions between Russia and Ukraine remain unresolved.
The Dow Jones Industrials tumbled 356.91 points, or 1%, to 34,381.55, dragged down by losses in Cisco and Chevron.
The S&P 500 slipped 26.64 points to 4,392
The NASDAQ fell 7.17 points to 13,783.98
Earnings are expected to ramp up again this week, with Nvidia, Walmart, Shopify, AMC and more scheduled to report.
Sentiment was helped following comments from Russia's Foreign Minister Sergey Lavrov to Vladimir Putin in Moscow that suggested Russia would continue diplomatic talks with the West over Ukraine, lowering tensions a bit following a market selloff Friday.
Fed officials opined that the central bank needed to fight inflation more aggressively, echoing comments he made last week that pressured the stock market.
The U.S. Labor Department reported Thursday that inflation in January surged 7.5%, its biggest 12-month gain since 1982.
Prices for 10-year Treasurys flopped, raising yields sharply to 2%, from Friday's 1.92%. Treasury prices and yields move in opposite directions.
Oil prices were lower two cents to $93.08 U.S. a barrel.
Gold prices $25.00 to $1,867.10 U.S. an ounce.