The Dow ends in the positive for the 5th straight day. Mark Lasseigne fills you in on today's Acadiana Business Index.

  • Wall Street rallies on a funding plan for European banks.
  • The Dow Jones Industrial Average added 186 points to 11,433.
  • Five major central banks announced a move to pump U.S. dollars into the European banking system. The European Central Bank said it will be joined by U.S. Federal Reserve, along with the Bank of England, the Bank of Japan and the Swiss National Bank.
  • US economic data was discouraging: Initial claims for unemployment benefits rose again last week, with 428,000 new filings.  In addition, New York-area manufacturing activity worsened, and manufacturing activity in the Philadelphia area remained in negative territory. Also, the consumer-price index for August showed an inflation rising of 0.4%, double the expected increase.
  • Shares of UBS dropped 10% after the Swiss bank said it would likely post a third-quarter loss after a staff trader racked up as much as $2 billion in losses.
  • Crude oil settled higher at $89.40 a barrel.
  • Gold falling to $1,781/ounce.