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.
NEW YORK A slide in technology stocks pulled down the Nasdaq Composite on Wednesday and the S&P 500 ended slightly lower, as investors worried about the pace of economic growth after weaker-than-expected inflation numbers and an interest rate hike from the Federal Reserve.