Stocks trimmed losses as manufacturing data in the U.S. last month came in better than expected but construction in August weakened.
The S&P 500 was down 0.25%, the Dow Jones Industrial Average dropped 0.27%, and the Nasdaq declined 0.11%.
The ISM manufacturing index for September came in at 51.5, slightly higher than the consensus of 50.2. Construction spending in August declined 0.7% from July, missing expectations. On a year-over-year basis, spending on homebuilding has declined 0.3%.
Toyota (TM) - Get Report said sales in September rose 1.5% from a year earlier. Ford's (F) - Get Report total U.S. sales declined 8% year over year to 204,447, while fleet sales declined 21%, in-line with company expectations. However, Ford said "September marked 2016's best month for F-Series' retail sales," with 67,809 vehicles.
Ford's stock rose 0.46% while Toyota's shares were down 0.88%.
General Motors (GM) - Get Report said sales last month totaled 249,795, down 0.6% from a year earlier. General Motors' shares jumped 1.12%. Fiat Chrysler (FCAU) - Get Report reported U.S. sales fell 0.9%; analysts were expecting a decline of 5.5%.
Shares of Germany's largest bank, Deutsche Bank (DB) - Get Report , fell 2.6% after The Wall Street Journal reported that Deutsche Bank's talks with the U.S. Justice Department to settle a high-profile set of mortgage-securities cases were moving forward but haven't progressed to a degree that a proposed deal has reached senior-level review at the DOJ or with Deutsche Bank's supervisory board.
Crude oil prices in the U.S. Monday declined 0.3% to $48.09 a barrel. Oil rose 0.3% on Friday, holding at a one-month high achieved a day earlier.
Tesla (TSLA) - Get Report shares rose 4.4% after the electric carmaker said global deliveries of its cars more than doubled in the third quarter to 24,500 from a year earlier. It was Tesla's best sales quarter ever.
Gannett's (GCI) - Get Report acquisition of Tronc, which publishes the Los Angeles Times, the Chicago Tribune and the Baltimore Sun, could be announced as early as Monday, according to a report in Politico Magazine.
Bass Pro Shops agreed to buy Cabela's (CAB) in a deal valued at $5.5 billion. Cabela's shares rose 14.6% in trading on Monday to $62.88. Bass Pro Shops offered to buy Cabela's for $65.50 a share.
Janus Capital (JNS) , the fund management firm, reached a deal to merge with the U.K.'s Henderson Group (HNDGF) and form a company with assets under management of about $320 billion.
Stocks in London rose 1.3% but the pound fell against the dollar and the euro after British Prime Minister Theresa May said she will invoke Article 50 by the end of March, which would set Brexit in motion and would trigger a two-year process for negotiating the U.K.'s retreat from the European Union.
Japan's Nikkei 225 gained 0.9% after a disappointing economic survey from Japan fanned hopes of further rate cuts for the world's third-largest economy.