Energy declined 0.41% to 638.14, as names like Chevron lost ground. Chevron shares fell 0.9%, tracking a mild pullback in oil prices and weighing on the broader sector. The drop added to a cautious tone across commodity-sensitive groups.

Financials were down 0.36% to 854.48. Major banks like JPMorgan and Goldman Sachs were mixed, reflecting trader hesitancy around rate-sensitive plays ahead of upcoming Fed commentary.

Real estate dropped 0.46% to 262.72, pressured by rising Treasury yields. REITs like Simon Property Group were under pressure as higher rates continued to challenge valuations and borrowing costs.

Defensive sectors outperformed. Utilities rose 0.35% to 419.31, attracting interest for their stability and income potential. Consumer staples also gained 0.35% to 911.60, supported by rotation into steady earners like Coca-Cola and Procter & Gamble.