Home Depot slumped after the Dow component posted weaker-than-expected sales.
Groupon surged, adding to the previous session's sharp rally, after the daily-deal site reported quarterly results that beat Wall Street's expectations.
Saks fell even after the upscale department-store chain reported higher quarterly profit and said it expects sales at stores open at least a year to rise in the mid-single digits this year.
Retailer JCPenney is scheduled to post earnings after-the-bell tonight.
Avon Products tumbled after Cotywithdrew its $10.7 billion takeover bid for the cosmetics company, saying Avon had missed its deadline to begin discussions.
JPMorgan chief executive Jamie Dimon faces shareholdersafter the bank lost billions of dollars on trading and hedging strategies gone wrong.
Facebook increased its IPO range to raise more than $12 billion, valuing the social-network giant at roughly $104 billion. The firm is scheduled to price its shares on Thursday and begin trading on Friday.
Also on the economic front, the National Association of Home Builders publishes its monthly sentiment index at 10 am ET with sentiment forecast to have edged higher by a point in May to 26. And the Commerce Department issues business inventories for March at the same time. Economists in a Reuters survey said the expected a rise of 0.4 percent versus a 0.6 percent rise in the prior month.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: Business inventories, housing market index, JPMorgan shareholders mtg, Morgan Stanley shareholders mtg, credit-card default rates reported; Earnings from Home JCPenney
WEDNESDAY: Weekly mortgage apps, housing starts, industrial production, oil inventories, FOMC minutes, AIG shareholders mtg, Southwest Air shareholders mtg; Earnings from Target, Abercrombie & Fitch, Deere, Staples, Limited Brands
THURSDAY: Jobless claims, Philadelphia Fed survey, e-commerce retail sales, leading indicators, Facebook pricing, Home Depot shareholders mtg, Intel shareholders mtg; Earnings from Wal-Mart, Dollar Tree, Ross Stores, Aeropostale, Gap, Marvell Tech
FRIDAY: Facebook begins trading, JCPenney shareholders mtg, G8 summit begins; Earnings from Ann
More From CNBC.com: