Yahoo is eliminating 2,000 jobsin a new restructuring effort to help save the troubled Internet company.
Best Buy fell after reports that S&P could cut the consumer electronics retailer to "junk" status.
Among earnings, Monsanto edged lower along with the broader market even after the agribusiness company reported better-than-expected earnings, adding that improving sales would boost its full-year outlook.
Bed Bath & Beyond is slated to post earnings after-the-bell tonight.
Weekly mortgage applications rebounded last week, reversing seven straight weeks of declines, thanks to an increase in purchase demand as interest rates slipped, according to the Mortgage Bankers Association.
—Follow JeeYeon Park on Twitter: @JeeYeonParkCNBC —
Coming Up This Week:
THURSDAY: Jobless claims, Fed's Bullard speaks, chain-store sales, Yahoo board members' 1st day; Earnings from CarMaxFRIDAY: Good Friday—markets closed/banks open, non-farm payrolls, consumer credit
More From CNBC.com: