![Greece’s Debt Crisis Impacts Wall Street – Acadiana Business Index](http://townsquare.media/site/36/files/2012/01/Wall-Street-Sign-Michael-Nagle-Getty1.jpg?w=980&q=75)
Greece’s Debt Crisis Impacts Wall Street – Acadiana Business Index
Wall Street falls as investors grow increasingly concerned with talks between Greece and its private investors. Mark Lasseigne has your stock market report on today's Acadiana Business Index.
- The Dow Jones Industrial Average dropped 33 points to 12,676.
- The International Monetary Fund trimmed its global growth estimates for the year, warning that the euro-zone debt crisis could shave off world-wide output.
The docket was full of companies reporting their earnings.
- McDonald's earnings rose 11%, beating expectations. Still, shares fell 2.3% after hitting an all-time high last week.
- Travelers lost 3.2% after the insurer reported fourth-quarter earnings that missed forecasts although revenue was well above expectations.
- Verizon Communications fell 2% after its earnings came up shy of estimates. Texas Instruments fell 1.9%, reporting better-than-anticipated earnings and revenue, but giving a somewhat downbeat outlook for the current quarter.
- Kimberly-Clark's earnings fell 19% as higher costs again put a damper on the company's improved sales. Shares fell 1.8%.
- And, Baker Hughes declined 1.5% after the company's earnings fell 6.3%, with higher costs and weakness in pressure pumping.
- Light, sweet crude settled at $98.95 a barrel.
- And Gold closing at $1,665 an ounce.
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