Stocks ended the day lower as investors appeared to pause before several events scheduled to occur later this week.
Stocks began their holiday-shortened week in the red, with weakness in the financials and energy sectors. The S&P 500 Index and the Nasdaq broke a seven-session winning streak.
Stocks closed essentially flat after their recent rallies as mixed economic reports showed a big gain in manufacturing activity in the Philadelphia area but also slower housing starts in several major U.S. regions.
A surge in crude oil prices lifted the energy sector, while tech stocks rebounded after a streak of post-election declines.
Major stock indexes in the U.S. retreated as gold and oil futures fell.