Stocks open modestly lower as S&P 500 on track for back-to-back losses

U.S. stocks opened slightly lower on Tuesday as investors watched for the European Central Bank's policy meeting later this week and for further developments on U.S.-China trade negotiations. The S&P 500 SPX, -0.58% fell 0.3% to 2,970. The Dow Jones Industrial Average DJIA, -0.26% shed 31 points, or 0.1%, to 26,805. The Nasdaq Composite COMP, -0.

85% fell 0.5% to 8,046. The ECB is expected to announce a slew of stimulus measures on Thursday even as members of its policymaking committee argue that additional easing may be counterproductive. In company news, shares of Ford Motor Co. F, -3.56% fell 4.3% after Moody's Investors Service downgraded the company into 'junk', or below-investment grade.

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