Stocks changed very little after data pointed to a housing decline that is worse than thought. Mark Lasseigne has your market report on today's Acadiana Business Index.
- An average of 14% fewer existing homes were sold anually between 2007 and 2010, according to revisions by the National Association of Realtors.
- Overseas, the European Central Bank allotted a bigger-than-expected $640 billion to euro-zone banks. The Stoxx Europe 600 finished down 0.5%. Germany's DAX declined 1%.
- Shares of Oracle plummeted 12% after the database giant reported earnings and revenue that fell short of expectations.
- Yahoo gained 5.8%, with all the gains coming in the final half hour of trading, after reports that the Internet company was discussing plans to cut its stake in Chinese website Alibaba to 15%.
- KB Home fell 6.7% after the home builder's fourth-quarter earnings tumbled 20% with weakness in the housing market.
- Light, sweet crude closed at $98.67 a barrel on the New York Mercantile Exchange.
- And gold settled at $1,612 an ounce.