U.S. stocks fell on Tuesday led by technology names, as the market gave back some of the strong gains from the previous session.
The Dow Jones Industrials tumbled from Monday's levels 113.12 points to 31,422.39,
The S&P 500 demurred 26.66 points to 3,875.60.
The NASDAQ Composite unloaded 168.24 points, or 1.3%, to 13,420.58.
Shares of Target reversed early gains to trade more than 4% lower despite the company reporting booming sales. The retailer declined to provide a forecast for 2021.
Investors on Tuesday will pore over comments made by both Securities and Exchange Commission Chair nominee Gary Gensler and Federal Reserve Governor Lael Brainard.
Gensler is testifying before the Senate Banking Committee while Brainard will deliver a speech entitled "U.S. Economic Outlook and Monetary Policy" via a virtual meeting hosted by the Council on Foreign Relations.
Prices for 10-Year Treasurys gained ground, thus weighing yields to 1.41% from Monday's 1.44%. Treasury prices and yields move in opposite directions.
Oil prices eked up four cents to $60.68 U.S. a barrel.
Gold prices regained $6.10 to $1,729.10