A slide in General Electric shares weighed on Wall Street as investors eyed a slew of corporate earnings slated for release in the coming days as well as fresh clues about progress on the Trump administration's tax reform plans.
"Earnings will be centre stage, and then tax reform," Ernie Cecilia, the chief investment officer at Bryn Mawr Trust in Pennsylvania, told Bloomberg. "Those are the two, whatever order you want to put them in."
Amazon, Alphabet, Microsoft, Intel and McDonald's are among US companies set to report their latest quarterly earnings this week.
In 2.42pm trading in New York, the Dow Jones Industrial Average slipped 0.02 per cent, while the Nasdaq Composite Index fell 0.3 per cent. In 2.27pm trading, the Standard & Poor's 500 Index retreated 0.2 per cent.
US Treasuries rose, sending yields on the 10-year note one basis point lower to 2.38 per cent