Wall Street declines slightly as concerns remain about Europe. Mark Lasseigne has your stock market report on today's Acadiana Business Index.

  • Financial companies led stocks lower after a ratings shake-up on the sector. Bank of America dropped 3%, the most among blue chips.
  • Nervousness about European debt also weighed on financials.  European leaders gathered in Brussels amid talk of requirements for greater fiscal discipline among members.  Also, there has been a lack of progress on a Greek debt-restructuring deal.
  • In corporate news, Gannett reported a 33% decline in profit as persistent advertising declines at its newspapers and lower television revenue more than offset growth in the publisher's digital businesses. Shares fell 6.9%.
  • Staples was also near the bottom of the S&P 500 day. Shares fell 4.9% after an analysis cut its rating on the company.
  • Light, sweet crude settled at $98.78 a barrel.
  • Gold closing at $1,731 an ounce.