Investors Watch S&P Warnings
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More trouble for the euro zone. First the S&P warned of a downgrade for the major euro zone countries, now it's the zone's bailout fund that's in danger. S&P said Tuesday it's considering downgrading the European Financial Stability Facility. Wall Street opened flat, but investors still hope the warnings will force budget changes at a European Union summit this week. Meantime, American holiday budgets seem to be holding up.