Stocks regained most of early declines, as better-than-expected readings on the domestic labor market overshadowed worries about European banks. Mark Lasseigne has today's Acadiana Business Index.

  • The Labor Department said 372,000 Americans filed for unemployment claims last week. This number marks the eighth time in the past nine weeks that new claims have come in below 400,000.
  • In Europe, bank shares fell as fears over the ability of financial institutions to raise capital. The Stoxx Europe 600 dropped 0.9%, with bank stocks among the biggest decliners. The euro fell below $1.28 for the first time since September 2010.
  • Light, sweet crude closed at $102.95 a barrel on the New York Mercantile Exchange.
  • And gold edged up to $1,623 an ounce.