Stocks ticked lower Wednesday as investors looked ahead to a key inflation report due later this week.
The Dow Jones Industrials stumbled 154.38 points soon after Wednesday's open to 38,818.03.
The S&P 500 dropped 12.47 points to 5,065.71.
The NASDAQ index slid 85.26 points to 15,950.04.
UnitedHealth lost more than 5% to lead the Dow lower. Intel gave back 1.5%, while Nike was also down 0.7%. Elsewhere, Urban Outfitters fell nearly 10% after reporting weaker-than-expected results for the fourth quarter.
Investors are looking toward the personal consumption expenditure reading for January on Thursday, which is the Federal Reserve's preferred measure of inflation.
The report will come as the market tries to build on the gains that took the Dow and S&P 500 to record highs. This week, the market has struggled, however, pulling back slightly.
Prices for the 10-year Treasury inched forward, lowering yields to 4.29% from Tuesday's 4.31%. Treasury prices and yields move in opposite directions.
Oil prices jumped 45 cents to $79.32 U.S. a barrel.
Gold prices dropped $3.40 to $2,040.70.