U.S. Stocks Open Lower After Trade Data

U.S. stocks opened modestly lower on Tuesday after a report showed the trade deficit soared to post-recession high in March. The sharp widening of the trade deficit implies a steep downward revision to first-quarter growth, according to some economists. The S&P 500 opened 2 points, or 0.1%, lower at 2,112.38. The Nasdaq Composite shed 15 points, or 0.3%, to 5,003.79. The Dow Jones Industrial Average was off 4 points to 18,066.39.