U.S. stocks retreated from records as a tumble in the price of crude sank energy shares with investors looking to central-bank policy decisions later in the week.

Earnings remain in focus, with companies including Texas Instruments Inc., Sprint Corp. and Gilead Sciences Inc. scheduled to report earnings Monday. Profits and sales have broadly topped projections so far this season, and analysts have eased their estimates for declines in net income.

Energy shares sank 2 percent for the biggest drop in a month. Chesapeake Energy Corp. and Devon Energy Corp. fell at least 4.4 percent to pace declines. Materials producers also fell, as gains in the dollar damped demand for products denominated in the currency.

Among stocks moving, Yahoo! Inc. lost 2.7 percent and Verizon Communications Inc. slipped after the internet portal agreed to sell its main web business to the wireless carrier. In earnings news, Roper Technologies Inc. fell the most in the S&P 500 after missing profit estimates. Micron Technology Inc. jumped 6 percent after adopting a poison pill takeover defense.

The S&P 500 reached a seventh all-time high in 10 sessions on Friday, after going more than 13 months without a record. The advances came as companies showed signs of breaking a four-quarter-long decline in sales, fueling optimism that a long-awaited rebound in earnings is at hand. Still, further stock gains may be harder to combine, according to Kully Samra, a client manager at Charles Schwab Corp., which has $2.4 trillion in client assets.