Dow Begins Week In The Negative: Acadiana Business Index
The failure of European leaders to emerge from weekend meetings with a strong plan to contain debt problems--and concern about a Greek default in particular--drove the market down. Mark Lasseigne fills you in on what's happening on Wall Street in today's Acadiana Business Index.
- The Dow Jones Industrial Average fell 108 points to 11,401.
- In economic news, the National Association of Home Builders' housing market index fell in August.
- Tyco International plans to break itself into three publicly traded companies devoted to home security, pipes and valves, and fire protection, after concluding the businesses would perform better as separate companies. TYC up 2.4% 44.75
- Netflix said the company is separating its movie-streaming business and its DVD-by-mail service, to be renamed Qwikster. The move follows a recent price increase that outraged customers. NFLX down 7.4% to 143.75
- Crude oil settled at $85.71 a barrel.
- Gold closing at $1,779/ounce.
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