NEW YORK (TheStreet) -- Benchmark indexes were kicking off the first trading day of the new quarter with losses as stock futures fell on lower oil prices and a higher dollar.
S&P 500 futures slid 0.4%, Dow Jones Industrial Average futures fell 0.33%, and Nasdaq futures were down 0.36%.
The private sector in the U.S. added 189,000 jobs in March, according to the ADP Jobs report. Economists had expected 230,000 jobs to have been added over the month, increasing from 212,000 in February. The Labor Department's official jobs report will be released on Friday, though stock markets will be closed for the Good Friday holiday.
Crude oil prices continued to slide as Iran and six world powers extended negotiations by a day to try to agree on a preliminary nuclear deal. The negotiations have centered on Iran not building nuclear weapons in exchange for the lifting of economic sanctions.The removal of such restrictions would see Iranian oil added to an already-oversupplied global market. West Texas Intermediate crude oil slipped 0.76% to $47.24 a barrel.
Manufacturing activity in the eurozone grew to a 10-month high in March, boosted by growth in Italy and Spain and continued strong performance in Germany. The Markit's Purchasing Managers Index rose to 52.2 in March from 51 in February as the European Central Bank's bond-buying efforts begin to gain traction.
Germany's DAX added 0.76%, France's CAC 40 climbed 1.1%, and the FTSE 100 in London jumped 0.6%.
Chinese manufacturing activity contracted in March with HSBC's Manufacturing PMI falling to 49.6 from 50.7 in March. China's Shanghai Composite closed 1.7% higher as the latest data backed up calls for the world's second-largest economy to introduce further monetary stimulus.
On the domestic economic calendar, automakers will report car and truck sales data for March throughout the day, the ISM Manufacturing Index and data on construction sppending data will be released Wednesday morning, and the Energy Information Administration will release its weekly report on crude inventories.
GoDaddy will begin trading on the New York Stock Exchange under the ticker symbol 'GDDY'. The Web hosting company's shares were priced at $20 each, raising approximately $460 million in the IPO. The float will value the company at around $4.5 billion.
Online crafts store Etsy will shop its IPO around on Wednesday, offering 16.67 million shares in the hopes of raising around $267 million. The company plans to list on the Nasdaq under the ticker symbol 'ETSY'.
Amazon (AMZN) shares were on watch after the company unveiled Wi-Fi-connected technology called a Dash Button that allows invited participants to purchase products from stores such as Huggies and Gillette instantaneously.
Apple (AAPL) shares inched higher after Citi reiterated a buy rating and added the stock to its U.S. Focus list. The firm said investors are underestimating demand for Apple's iPhone 6 and 6 Plus models.