Wall Street edges into the red after yesterday’s blowout rally as the Dow Jones Industrial Average lost 25 points. Mark Lasseigne has your market report on today's Acadiana Business Index.


  • Traders were cautious ahead of the U.S. jobs report due tomorrow morning.  And a weekly report of the number of U.S. workers filing new applications for unemployment benefits didn’t help. Americans filed 402,000 new claims last week, higher than economists expected. 
  • But major auto makers reported strong U.S. sales last month, boosted by demand for sport-utility vehicles and pickup trucks. Chrysler reported sales rose 45% while Nissan's sales rose 19%, Ford up 13% and General Motors nearly 7% over the same month a year ago.
  • Major retailers deliver mixed sales reports for November, suggesting an iffy start to the holiday season. The month is a key one for retailers, which see their biggest sales at this time of the year.
  • Crude oil closed at $100.13 a barrel,
  • Gold settled at $1,735 an ounce.