by Sara Noble Update: The stock market is up slightly today. The market is not concerned about the banks downgrades. The banks are actually doing better based on their most recent stress tests. Moodys is behind the times. The worst downgrades were those made to foreign banks. Original Story: Stocks plummeted 251 points today on the expectation of U.S. banks being downgraded by Moodys. The downgrading came after Spa