Stocks fell on Monday, pressured by declines in Boeing and General Electric, as Wall Street digested strong gains from the previous week and looked ahead to the start of the corporate earnings season.
The Dow Jones Industrial Average swooned 151.87 points to start the week at 26,273.12.
The S&P 500 lost 8.92 points at 2,883.82, as the industrial sector dipped 0.8%.
The NASDAQ Composite dropped 31.62 points to 7,907.07
Boeing dropped more than 3.5% after Bank of America Merrill Lynch cut its rating on the aerospace giant to neutral from buy. The bank said it expects production of the 737 Max jet to be delayed by six to nine months.
GE, meanwhile, fell more than 7% after J.P. Morgan cut its price target on the stock to $5 from $6 a share, noting: "We believe many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of small positives."
Snap shares rose more than 4% after RBC Capital Markets upgraded the social media company to outperform from sector perform, noting the "potential for a positive inflection point catalyzing" the stock.
On the data front, factory orders for February are scheduled for release.
Prices for the benchmark 10-year U.S. Treasury fell a bit, raising yields to 2.51% from Friday's 2.5%. Treasury prices and yields move in opposite directions.
Oil prices gained 80 cents to $63.88 U.S. a barrel.
Gold prices gained $9.60 to $1,305.20 U.S. an ounce.