The U.S. investors followed the trend in Europe and took some of their winnings home after days of sharp rises. The leading index seeped through the day and was in the red by market close.
Dow Jones index fell 0.3 and closed at level 13553
Nasdaq landed in Index 3178 after a decline of 0.2 percent.
S&P 500 fell 0.3 percent to Index 1461
On Friday S&P 500 reached its highest level in nearly five years after clear signals from the Fed that there is help available as long as the crisis lasts, and then some.
On Monday when the European debt crisis once again raised concerns many investors felt a natural desire to take their winnings.
Bank stocks at the bottom
The financial and commodities were among the sectors in particular to feel this trend. Bank of America and Morgan Stanley both fell about 2 percent. After a few weeks of increases. Also Wells Fargo fell.
Aluminum producer Alcoa followed banks and fell 2 percent, while Cliffs Natural Resources, a mining company that also has seen significant increases in recent days, fell 7 percent after JPMorgan Chase cut the recommendation.
To spread the negative sentiment was also a poor report on manufacturing in New York State. It fell more than expected in terms of the Empire State Manufacturing.
S&P 500 missing 7 percent
With recent increase to the broad S&P 500 Index it needs to increase only about 7 percent to reach record levels from October 2007.
The U.S. investors should also consider that another bank, Citigroup, has cut its forecast for economic growth in China. Thereby at least 13 banks and finance houses has cut their expectations for China's growth in 2012.
Among the winners were Apple, which rose 1 percent, closed just under $ 700, and helped to keep technology shares up.
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