(CNBC) — U.S. stocks fell on Monday, with Wall Street retreating from all-time highs, as investors looked to the start of the earnings season and considered whether the Federal Reserve would hike interest rates sooner than expected.
"The market activity today is almost discernible. It looks like it's down on really no news to speak of," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
One factor potentially weighing on the market is Thursday's nonfarm payrolls report, which "could possibly complicate the Fed's narrative. That run rate of job creation is going to get them to their maximum employment rate" rather quickly if it continues, Luschini said.
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