Stocks fell on Monday 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 came off its lows of the day to point downward 83.97 points and finish the session at 26,341.03
The S&P 500 squeezed higher 3.03 points at 2,895.77, to run its win streak to eight straight sessions.
The NASDAQ Composite dropped 16.2 points to 7,922.5
Shares of Boeing and General Electric led the decline. Boeing dropped more than 4% 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. This follows a deadly plane crash from last month that involved a 737 Max plane.
GE, meanwhile, fell more than 5% after J.P. Morgan downgraded the stock, 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 3% 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 fell 0.5% amid weakness in the machinery, transportation equipment and electronic products segments. Shipments, however, rose 0.4%. Treasury yields climbed on the data.
Prices for the benchmark 10-year U.S. Treasury fell, raising yields to 2.52% from Friday's 2.5%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.36 to $64.44 U.S. a barrel.
Gold prices gained $6.40 to $1,302.00 U.S. an ounce.