Euro Jitters Continue To Bring Down The Market – Acadiana Business Index
Wall Street continues to fall on euro jitters as the Dow Jones Industrial Average dropped 15 points. Mark Lasseigne has the latest on what's happening on Wall Street on Thursday's Acadiana Business Index.
- The concerns about Europe continue to reveal themselves in the bond markets, as well in economic data. U.K. manufacturing production fell in 1% February, and was the biggest annual biggest decline since December 2009.
- In addition, German industrial production dropped 1.3% in February.
In corporate news,
- Shares of Nasdaq OMX Group got a nice pop on reports that Facebook will list its widely anticipated IPO on the exchange.
- Bed Bath & Beyond gained 8.5% after quarterly earnings and revenue exceeded expectations.
- Ruby Tuesday plunged 18%. The restaurant chain missed revenue estimates and said it planned to close 25 to 27 restaurants.
- Light sweet crude settled at $103.31 a barrel.
- And, gold closed at $1,630 an ounce.
Friday will be a holiday for U.S. stock markets, but bond market will be open.