The Dow Jones Industrial Average and S&P 500 retreated on Monday as investors evaluated concerns about the Federal Reserve's plan for interest rate hikes and tensions between Russia and Ukraine.
The 30-stock index descended 171.89 points to 34,566.17, dragged down by losses in Walgreens Boots Alliance and Chevron
The S&P 500 hesitated 16.97 points to 4,401.67.
The NASDAQ gave up earlier gains to finish in minus territory 0.23 points to 13,790.92.
Industrial stocks like Caterpillar and Boeing suffered, Caterpillar sliding 0.7% and Boeing 1.1%.
Oil stocks, which outperformed during Friday's Ukraine-driven trading, were down on Monday. Exxon Mobil fell 1.5% and ConocoPhillips slipped 2.1%.
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 to 1.99%, from Friday's 1.92%. Treasury prices and yields move in opposite directions.
Oil prices regained $1.85 to $94.95 U.S. a barrel.
Gold prices $31.50 to $1,873.60 U.S. an ounce.