Stocks Reverse Losses On Good Economic Data: Acadiana Business Index

Stocks opened lower, but reversed after economic reports. Mark Lasseigne has your stock market report with today's Acadiana Business Index.

The Dow Jones Industrial Average down 1 points 12,981.

The number of home buyers who signed contracts to purchase previously owned homes grew last month.  Meanwhile, a reading on February's manufacturing activity in the Dallas area rose at a faster rate this month than last.

In corporate news,

Lowe's gained 0.7% after the home-improvement retailer reported better-than-expected earnings and revenue.

Motorola Solutions said will buy about 24 million shares from investor Carl Icahn for $49.15 a share. Transocean's fourth-quarter revenue grew more than expected. Shares gained 5.3%.

And, private-equity giant Blackstone Group confirmed a $2 billion investment in Cheniere Energy Partners, allowing the company to build a gas-liquefaction plant in Sabine Pass, La., the first of its kind in the U.S.

Crude oil settled at $108.56 a barrel.

Gold closed at $1,775 an ounce