![Debt Ceiling Debate Continues To Weigh On Investors – Acadiana Business Index](http://townsquare.media/site/36/files/2012/04/Wall-Street-spencer-platt-Getty2-300x200311.jpg?w=980&q=75)
Debt Ceiling Debate Continues To Weigh On Investors – Acadiana Business Index
Stocks finished mixed on Tuesday. Ken Meyers has your stock market report on the Acadiana Business Index.
- The Dow closed 27 points higher at 13546. The S&P 500 index added 2 points to 1472. The NASDAQ fell 7 points to 3110.
- The major averages ended little changed as the debt ceiling debate in Washington weighed on investor sentiment. Uncertainty over fourth-quarter earnings also provided headwind as the pace of scheduled releases picks up.
- On the economic front, reports showed retail sales rose 0.5% while producer prices declined 0.2% in December. Manufacturing activity in New York contracted for a sixth consecutive month in January. Tech was a notable laggard led by Apple declining $15.38 to $485.92 and Hewlett-Packard falling 42 cents to $16.53. Facebook closed 85 cents lower at $30.10 after introducing a new search tool for its website. Dell added 88 cents to $13.17 on continued speculation the PC maker is in buyout talks. Telecom was the worst performing sector with Verizon down 62 cents to $41.97. Consumer stocks outperformed with discount retailer Big Lots advancing $1.03 to $29.78. In the financials, JP Morgan gained 47 cents to $46.35 while Goldman Sachs lost 54 cents to $135.59 ahead of their earnings releases before the open Wednesday.
- Breadth was positive on issues by 4-3 on the NYSE and 7-6 on the NASDAQ. NYSE Composite volume totaled more than 3.1 billion shares. The 10-year note finished up 1/8 of a point to yield 1.83%.
For the complete report, click Ken's Market Report.
More From News Talk 96.5 KPEL
![Jindal Restricts State Borrowing Under New Law](http://townsquare.media/site/437/files/2014/01/cash.jpg?w=980&q=75)
![Senator Vitter Sees No Default Happening](http://townsquare.media/site/36/files/2012/08/Senator-David-Vitter-photo-by-KPEL.jpg?w=980&q=75)
![Congressman Boustany Says Congress Operating Crisis To Crisis](http://townsquare.media/site/36/files/2013/07/Congressman-Charles-Boustany-070213-KPEL-photo.jpg?w=980&q=75)
![Republicans Raising Debt Ceiling – But Have a Purpose In Doing So](http://townsquare.media/site/36/files/2013/01/Charles-Krauthammer.jpg?w=980&q=75)
![Hillary Clinton Faces Congress, Obama Faces Budget – Wingin’ It Wednesday](http://townsquare.media/site/36/files/2013/01/158389022.jpg?w=980&q=75)
![Stocks Fall As Investors Worrry About Impending Debt Ceiling Debate – Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/Wall-Street-2-Spencer-Platt-Getty23-300x200111.jpg?w=980&q=75)
![Debt Ceiling, Hobby Lobby, and Israeli Conflict – Wingin’ It Wednesday](http://townsquare.media/site/36/files/2012/11/148565791.jpg?w=980&q=75)
![Congressmen Talk About The Way Forward After The Election](http://townsquare.media/site/36/files/2012/11/Congressmen-with-Jeremy.jpg?w=980&q=75)
![Congressman Boustany Back At Work](http://townsquare.media/site/36/files/2012/01/Charles-Boustany-3.jpg?w=980&q=75)