U.S. stocks lost ground at close ahead of the Treasury auction of $81 billion of bonds and notes this week. Commodities advanced and the dollar declined for the first time in four days. Toyota recall costs could be more than $2 billion estimated by the company.

U.S. stocks traded sideways in the morning trading with commodities advancing. Lingering worries over budget deficits at smaller nations in Europe kept the euro under pressure. U.S. Fed is expected to offer its plan to unwind several debt programs this week. CIT appoints new chief executive.