At the same time, energy shares added to Friday's gains, suggesting that investors were seeking value.
The sector had ballooned to its most expensive since early 2008 in terms of price-to-earnings expectations.
The Dow Jones Industrial Average .DJI fell 36.3 points, or 0.17 percent, to 21,235.67, the S&P 500 .SPX lost 2.38 points, or 0.10 percent, to 2,429.39 and the Nasdaq Composite .IXIC dropped 32.45 points, or 0.52 percent, to 6,175.47.
The euro EUR= rose 0.1 percent against the dollar to $1.1205 after pro-European parties scored in French and Italian elections over the weekend.
SINGAPORE The Canadian dollar rose to its highest level in nearly two months on Tuesday, buoyed by hawkish comments from Canada's central bank, while worries about UK political uncertainty dented sterling.