Stocks traded higher early in the session on the release of improved economic data but ceded gains to close lower as investors showed their wariness over pushing the market to new record highs in the absence of obvious catalysts. President Obama warned international order was begin tested with Ukraine and Russia, with the latter at risk of more sanctions. Health care stocks outperformed while the coal price was set below expectations for the second quarter, weighing on many energy stocks.

More from Video

AAP Exclusive: Cramer on Why They Sold Broadcom Shares

AAP Exclusive: Cramer on Why They Sold Broadcom Shares

AAP Exclusive: Cramer's Trust Has Made $2.5M in Charitable Distributions

AAP Exclusive: Cramer's Trust Has Made $2.5M in Charitable Distributions

Jim Cramer: I Don't Want to Panic About Snap

Jim Cramer: I Don't Want to Panic About Snap

Angels Star Mike Trout Perfectly Explains Why Everyone Is Smashing Homers

Angels Star Mike Trout Perfectly Explains Why Everyone Is Smashing Homers

Jim Cramer on IBM, CSX, United Airlines and Morgan Stanley

Jim Cramer on IBM, CSX, United Airlines and Morgan Stanley