Stocks on Wall Street fall as fears hang over markets. Mark Lasseigne has your stock market report on today's Acadiana Business Index.


  • Ratings agency Standard & Poor's could soon move to downgrade euro-zone countries, according to The Wall Street Journal. In a separate blow to confidence, talks to restructure Greek debt didn't reach a conclusion Friday and have been suspended.  The headlines sent the euro sharply lower. European stocks also finished in negative territory.
  • In economic data, the Commerce Department said Friday that the U.S. trade deficit widened in November, as exports to the Europe fell. Separately, a preliminary reading on consumer confidence rose in January.
  • J.P. Morgan Chase disappointed Wall Street by announcing a fourth quarter in which profit dropped 23% from the same period a year ago to $3.7 billion. JPM down 2.5% to $35.92
  • Light, sweet crude closed at $98.70 a barrel on the New York Mercantile Exchange.
  • Gold closing today at $1,631 an ounce.