The stock market closed with a modest loss as investors waited for a series of big economic reports later in the week. Nine of the 10 industry groups in the S&P 500 fell. Only telecommunications stocks rose.
The Dow Jones industrial average sank 70.48 points, or 0.4 percent, to 16,912.11.
The Standard & Poor's 500 index lost 8.96 points, or 0.5 percent, to close at 1,969.95.