Midday Report: Weak April for Automakers; Wall Street Waits for Fed Clarity, Apple Earnings

Stocks remained close to flat as investors opted to sit in wait of developments in coming days. Top of that list, the Federal Reserve will make an announcement on interest rates on Wednesday afternoon, and Apple (AAPL) - Get Report will report quarterly earnings after the bell today. April was a weak month for automakers with sales pulling back after months of strong growth. Demand for trucks and SUVs, once the driver of growth, have since cooled. Ford (F) - Get Report , GM (GM) - Get Report and Fiat Chrysler (FCAU) - Get Report all reported a drop in unit sales. Advanced Micro Devices (AMD) - Get Report plummeted after posting a so-so first quarter. Second-quarter and full-year guidance was also in range of consensus, disappointing investors looking for a hike in forecasts. CVS Health (CVS) - Get Report topped analysts' estimates on its top- and bottom-line over its recent quarter. Pharmacy same-store sales declined by nearly 5%, while pharmacy services revenue increased by more than 8%.