The Dow Jones industrial average fell 33.96 to 5,560.41. The widely watched barometer of big U.S. companies lost about 88 points on Monday as stock investors reacted to another unexpectedly strong employment report that had sent bonds tumbling on Good Friday.
Advancers led decliners by about 7 to 5 on the New York Stock Exchange, with 1,404 up, 990 down and 736 unchanged. Big Board volume totaled 421.20 million shares vs. 415.29 million in the previous session.
Among broad-market indexes, the NYSE composite fell 0.52 to 345.13 and the S&P 500 list fell 2.05 to 642.19. The Nasdaq composite rose 2.65 to 1,108.31.
At the American Stock Exchange, the market value index rose 2.23 to 572.71.
"There was obviously some money raised (in Monday's sell-off), and it's being put back to work today," said Bob Dickey, technical analyst for Dain Bosworth Inc. in Minneapolis.
Trading was quiet compared with Monday as investors braced for new readings on the economy, particularly Thursday's and Friday's reports on inflation in consumer and wholesale prices.
Bonds rose slightly after plunging for two days on the March employment news, sending interest rates soaring. The yield on the benchmark 30-year Treasury edged lower to about 6.84 percent, but it is still well higher than Friday morning's 6.62 percent.