Contact Us

Crude Oil Closes Below $100 A Barrel: Acadiana Business Index

Wall Street
(Photo by Spencer Platt/Getty Images)

Wall Street makes small gains despite weak economic data. Mark Lasseigne has your stock market report on today’s Acadiana Business Index.


Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

  • Labor Department data showed that the number of people seeking new unemployment benefits in the U.S. rose more than expected last week.  Meanwhile, U.S. retail sales rose only slightly in December.  And, in another report, the Commerce Department said U.S. business inventories rose below economists’ forecast in November.
  • Sears Holdings fell 5.7% to 32.08 after lender CIT Group said it would no longer finance loans to suppliers.
  • Home Depot said it will hire 70,000 seasonal workers to get ready for the spring season. Shares were down fractionally at $43.33.
  • And, a bearish USDA crop report for corn prices weighed on the stocks of fertilizer producers and machinery makers.
  • Light, sweet crude closed at $99.10 a barrel on news that the European Union may delay sanctions against Iran.

Mark Lasseigne
(photo by Mark Lasseigne)

  • And gold closed at $1,648 an ounce.

Best of KPEL 96.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for News Junkies quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive News Junkies contests, events, coupons, presales, and much more delivered to you for FREE.