Spain’s Recession Helps Bring Down Stocks – Acadiana Business Index

U.S. stocks stumbled as worries about Europe's fiscal health flared back up. Ken Meyers has your stock market report on the Acadiana Business Index.

• The Dow Jones Industrial Average fell 101 points to 12,721. The Nasdaq Composite fell 35 points while the S&P 500 dropped 12 points.
• In economic news, a recession is deepening in Spain, the 4th largest economy that uses the Euro currency.
• In corporate news, shares of McDonald's fell almost 4% following a rare drop in reported profit largely due to the stronger dollar. And Apple was down more than 14 dollars a share in trading.
• Another volatile day for light, sweet crude oil as it was up $3.69. Crude settled at $88.31 a barrel. And gold was down $8.00 to $15.77 an ounce.