![Nervousness About European Debt Weighs On Investors – Acadiana Business Index](http://townsquare.media/site/36/files/2012/01/Wall-Street-2-Spencer-Platt-Getty21.jpg?w=980&q=75)
Nervousness About European Debt Weighs On Investors – Acadiana Business Index
Wall Street declines slightly as concerns remain about Europe. Mark Lasseigne has your stock market report on today's Acadiana Business Index.
- The Dow Jones Industrial Average down 7 points to 12,654.
- Financial companies led stocks lower after a ratings shake-up on the sector. Bank of America dropped 3%, the most among blue chips.
- Nervousness about European debt also weighed on financials. European leaders gathered in Brussels amid talk of requirements for greater fiscal discipline among members. Also, there has been a lack of progress on a Greek debt-restructuring deal.
- In corporate news, Gannett reported a 33% decline in profit as persistent advertising declines at its newspapers and lower television revenue more than offset growth in the publisher's digital businesses. Shares fell 6.9%.
- Staples was also near the bottom of the S&P 500 day. Shares fell 4.9% after an analysis cut its rating on the company.
- Light, sweet crude settled at $98.78 a barrel.
- Gold closing at $1,731 an ounce.
More From News Talk 96.5 KPEL
![Bank of America Will Pay $20 an Hour in 2020](http://townsquare.media/site/182/files/2019/11/Scott-Olson1.jpg?w=980&q=75)
![European Debt Drags Markets Lower – Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/Wall-Street-2-Spencer-Platt-Getty23-300x200111.jpg?w=980&q=75)
![Renewed Concerns Surrounding Europe Help Bring Stocks Lower – Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/wall-street1.jpg?w=980&q=75)
![Demonstrations In Greece And Spain Weigh On Markets – Acadiana Business Index](http://townsquare.media/site/36/files/2012/06/Ken-Meyers-e1354841870716.jpg?w=980&q=75)
![Most Sectors End Day In The Red – Acadiana Business Index](http://townsquare.media/site/36/files/2012/06/Ken-Meyers-503x6303.jpg?w=980&q=75)
![Disappointing Economic Data Brings Markets Down – Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/wall-street1-630x4231.jpg?w=980&q=75)
![Optimism On Greece And U.S. Housing Market Leads To Gains – Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/wall-street11.jpg?w=980&q=75)
![Concerns Of Greece Exiting The Euro Affect Investors – Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/wall-street1.jpg?w=980&q=75)
![Worries About Greece Drag Down Wall Street- Acadiana Business Index](http://townsquare.media/site/36/files/2012/05/Wall-Street-2-Spencer-Platt-Getty23-300x2001112.jpg?w=980&q=75)