(Bloomberg) —U.S. stocks fell amid mounting losses in energy and industrial shares as investors weighed the Trump administration’s trade policies, including comments from the president mentioning a “very major” border tax.

The S&P 500 Index declined 0.4 percent to 2,263.36 at 2:01 p.m. in New York after slipping 0.2 percent over the four days ended Friday, its second straight weekly decline. The Dow Jones Industrial Average slid 41 points, or 0.2 percent, to 19,786.39. The Nasdaq 100 Index fell less than 0.1 percent ahead of Yahoo! Inc’s post-market earnings release.

In Europe, shares decreased 0.4 percent as losses in oil and gas shares and bank stocks offset gains in basic resource and real estate companies.

U.S. Market

Nine of 11 industry groups lower An index of hospital companies lost as much as 2.8 percent after Trump signed an executive order to “waive, defer, grant exemptions from, or delay the implementation of” Obamacare The gauge surged 21 percent over the period from Nov. 8 through Jan. 17; has since slid 5.7 percent over four days Biggest losers on Monday included CYH (-2.9%), QHC (-2.7%), UHS (-1.6%) Halliburton slipped as much as 4.5 percent, its biggest intraday loss since Sept. 9, even after the company reported quarterly profit that beat analyst estimates VIX rose 5.2 percent, its fourth gain in five days Analysts estimate profit at S&P 500 companies rose 4.4 percent in the fourth quarter of 2016, and see profit jumping 12 percent this year The Bloomberg Dollar Spot Index decreased 0.6 percent, its third consecutive daily decline. The gauge recently slipped for a fourth straight week

Europe Market

The Stoxx Europe 600 Index lost 0.4 percent at the close, after earlier falling as much as 0.7 percent European benchmark finished last week down 0.9 percent, its first decline since the five days ended Dec. 23