Wall Street Slips: Acadiana Business Index
Stocks slipped into the red after a report on consumer-sentiment showed consumers less optimistic about the economy. Elsewhere in U.S. economic data, consumer prices leapt in February, due almost entirely to a surge in gasoline prices. Meanwhile, industrial production was lower than expected in February.
In corporate news, Sprint Nextel rose 3.2% after the company confirmed it will terminate a 15-year spectrum-hosting agreement with LightSquared.
And, The Wall Street Journal reported Google is being investigated by U.S. and European Union regulators for bypassing the privacy settings of millions of users of Apple's Safari Web browser. Google rose 0.6%
Light sweet crude settled at $107.06 a barrel.
Gold closed at $1,656 an ounce.