Stocks fell Tuesday, the first trading day of the week, as a rally that drove the market to levels not seen in more than a year took a breather.
The Dow Jones Industrials fell 305.62 points to 33,993.50.
The S&P 500 lost 31.74 points to 4,377.85.
The NASDAQ index slipped 82.66 points to 13,606.91.
Markets in the U.S. were closed Monday for Juneteenth.
Energy was the biggest laggard in the S&P 500, with the sector falling more than 2%. Meanwhile, Intel was a drag on the Dow, down by more than 3%. Nike and Boeing also weighed on the benchmark, falling more than 2% each.
U.S. housing starts topped estimates in May. There were 1.63 million starts last month, which was higher than the 1.39 million housing starts expected by economists polled by Dow Jones.
In earnings, investors will look toward a quarterly report from shipping giant FedEx on Tuesday after the the closing bell.
Prices for the 10-year Treasury recovered, lowering yields to 3.71% from Friday's 3.77%. Treasury prices and yields move in opposite directions.
Oil prices fell $1.70 to $70.08 U.S. a barrel.
Gold prices dulled $26.10 to $1,945.10 U.S. an ounce.