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U.S. Stocks Decline as Auto Sales Trail Estimates: Markets Wrap

  • Auto retailers are worst performing industry group in S&P 500
  • Rand plummets after S&P cuts South Africa rating to junk
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Stocks fell Monday after auto manufacturers reported worse-than-expected U.S. sales for March.

The S&P 500 Index finished down 0.16 percent at 2,358.84, while the Dow Jones Industrial Average slid 0.06 percent to 20,637.02. Auto retailers, auto manufacturers and auto parts and equipment makers were among the worst performing industry groups in the S&P 500. Ford Motor Co. dropped 1.72 percent, General Motors Co. declined 3.37 percent and Fiat Chrysler Automobiles NV lost 4.76 percent.