Dow Falls After Tuesday’s Gains: Acadiana Business Index

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.

• The Dow Jones Industrial Average fell 72 points to 11,505.

• 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.