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Stocks trade weak owing to weaker auto sales data

Share prices on Monday fell in US markets after auto manufacturers reported poor sales numbers for the month of March.
The benchmark S&P 500 Index closed down by 0.16% at 2,358 levels even as Dow Jones Industrial Average closed down by 0.06% at 20,637 levels. The Nasdaq composite before sliding 0.3%, hit a new all-time intraday high. Nasdaq closed at 5894 levels.
Taking cues from lowerStock Cash tips than expected auto sales data, the auto retailers, auto manufacturers and auto parts and equipment makers slid down and were the worst sectoral performers on Monday in the S&P 500. Ford Motor Co., closed down Stock Cash tips by 1.72%; General Motors Co., dropped 3.37%; and Fiat Chrysler Automobiles NV declined 4.76%.
This week markets will be eyeing the Federal Reserve minutes from the March meeting scheduled to release on April 5; and China President, Xi Jinping’s meeting with U.S. President, Donald Trump for two days starting April 6 is expected to catch investors’ attention.Hni stock tips