Wall Street Sign
loading...

Wall Street falls as investors worry about Europe's debt crisis. Mark Lasseigne tells you about a bad Wednesday on the Acadiana Business Index.

 
 
  • The market focused again on Europe.  Tomorrow the German parliament will vote on the initial expansion of the euro-zone's bailout fund - the European Financial Stability Facility, or EFSF.  Several European Union parliaments have not yet ratified the July agreement to increase the size of the EFSF to 440 billion-euros (roughly $593 billion US).  Recent talk is about expanding the fund to 1 trillion euros, or more.
 
  • In economic data, orders for long-lasting goods unexpectedly fell in August. And, the number of mortgage applications filed in the U.S. last week rose 9.3% from the prior week, according to the Mortgage Bankers Association.
 
  • Amazon.com unveiled the Kindle Fire tablet, the latest, and possibly biggest, challenger to Apple's iPad.
 
 
  • Crude oil settled at $81.21 a barrel.
 
  • And Gold closed at $1,618 an ounce.
Mark Lasseigne
loading...

More From News Talk 96.5 KPEL