Markets Are Yawning After That Huge S&P Downgrade Warning

Joe Weisenthal 

 Dec. 6, 2011

 4:11 AM

Image: Daniel Goodman / Business Insider.com

S&P's big warning to Europe, which came after the bell yesterday, isn't having too much of an impact today.

 
Yields aren't doing anything special, and markets are mixed. Italy is actually up. Germany is down a bit.

It still feels as though eyes remain on the prize: This Friday's big meeting Eurozone Summit. Until then, everything is mostly a distraction.
In the US, futures are actually a touch higher.