Wed, 24 Oct 2012 09:30:43 GMT
Wall Street opened in red on Tuesday
US stocks plunged during Tuesday's risk-off trading after Moody's downgraded credit rating on five Spain's regions. The market sentiment was also dampened by weak corporate results of the S&P 500 majors. Meanwhile, investors remained cautious ahead of the FOMC meeting and flesh PMI readings due later in the week. The S&P 500 Index tumbled 1.44% to close at 1,413.11. All