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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S&P 500 finishes flat; smaller-company stocks notch gainsMajor U.S. stock indexes ended mostly flat Monday, but smaller companies rose as investors hoped they'd be better shielded from the fallout of the U.S.-China trade war.
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European stocks seen lower on Brexit stalemate as investors await ECB meetingEuropean stocks were seen lower Tuesday morning after U.K. Prime Minister Boris Johnson lost a second bid to hold an early election but reiterated his pledge to leave the EU on October 31. Investors also have one eye on an impending meeting of the ECB, with markets hopeful of a monetary stimulus package on Thursday.
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European stocks seen mixed as investors eye Brexit battle and stimulus hopesEuropean stocks were seen opening mixed Monday morning as investors monitor ongoing political chaos in the U.K. and cautious hopes for policy stimulus from the world's major economies after a series of weak data releases.
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