Stocks opened lower, but then recovered late in the trading day. Mark Lasseigne has your stock market report on today's Acadiana Business Index.

  • Data on U.S. retail sales in January fell short of expectations, but were still positive according to the Commerce Department.
  • Moody's Investors Service downgraded a number of European debt ratings, including those of Spain, Italy and Portugal, and cut its outlook on triple-A-rated France, the U.K. and Austria.  The moves did not rattle U.S. stocks.
In corporate news,
  • Goodyear Tire & Rubber dropped over 5% after the company reported disappointing quarterly results.  The company said it expects slower growth in the global tire industry than expected.
  • Avon Products rose 1.5% although the beauty-products seller reported fourth-quarter results that missed expectations.
  • Crude-oil closed to $100.74 a barrel.
  • Gold closed at $1,716 an ounce.