The Dow gave up nearly 206 points to 12,083.
The S&P 500 dropped nearly 23 points to 1,335. And the Nasdaq composite dropped about 55 points to 2,394.
Declining issues held a 4-to-1 lead over advancing issues.
Volume on the NYSE came to 4.6 billion shares, while Nasdaq volume was 2 billion shares.
Crude futures rose $5.07 to settle at $136.38 a barrel on the New York Mercantile Exchange.