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Wall Street opens flat on Europe caution


    NEW YORK (Reuters) - Stocks opened little changed on Tuesday as investors continued to cautiously view the ongoing sovereign debt crisis in Europe.

    S&P issued a downgrade warning for the region late Monday, but investors had some hope the threat would help force budget changes at a European Union summit this week.

    The Dow Jones industrial average was up 16.57 points, or 0.14 percent, at 12,114.40. The Standard & Poor's 500 Index added 0.41 points, or 0.03 percent, at 1,257.49. The Nasdaq Composite Index put on 2.15 points, or 0.08 percent, at 2,657.91.

    (Reporting by Ryan Vlastelica; editing by Jeffrey Benkoe)