The Dow slid 105.46 points, or 0.38% to end the day at 27,909.60. The S&P 500 pulled back 0.32% to 3,135.96. The Nasdaq Composite dipped 0.40% to 8,621.83. Monday's slight decline snapped a three-day winning streak for the market as Wall Street braced for a busy week.
The session's losses came after a massive rally on Friday that left the major indexes within striking distance of their record highs. That move up was sparked by a much better-than-expected jobs report. But the optimism around the economic data took a backseat to the ongoing U.S.-China trade talks. China Assistant Commerce Minister Ren Hongbin said Monday the country hopes to make a deal with the U.S. "as soon as possible." Those comments followed data showing China's exports dropped for a fourth straight day. However, whether a deal is struck before the Dec. 15 deadline remains uncertain.
The Federal Reserve will kick off its last monetary policy meeting on Tuesday. Investors will also watch out for any news on the U.S.-Mexico-Canada trade front as the Trump administration and House Democrats get closer to replacing the current North American Free Trade Agreement. Read more here.