U.S. stocks drop on an up-and-down week so far. Mark Lasseigne has your market update on today's Acadiana Business Index.

  • U.S. stocks fall on a gloomy assessment of the U.S. economy from the Federal Reserve.  The economy kept grew slightly in September but prospects for the future appeared to be dimming.
  • Technology stocks added to the decline, after Apple's surprise earnings disappointment.  Apple's fiscal fourth-quarter earnings and revenue fell short of expectations. Sales of iPhones also disappointed. APPL down 5.6% to $398.62.
  • In economic news, consumer prices rose in September, while inflation - excluding energy and food costs, rose by only 0.1%. Separately, U.S. home building jumped in September, as apartment and condominium construction surged. But building permits, a gauge of future construction, fell from a month earlier.
  • Crude oil closed at $86.29 a barrel.
  • And Gold settled at $1,646 an ounce.
Mark Lasseigne