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Stocks on Wall Street kicked off the fourth quarter on a sour note, as the Greek debt crisis overshadowed the market. Mark Lasseigne fills you in on today's Acadiana Business Index.

  • Greece said over the weekend that it would miss its deficit targets this year.
  • The U.S. manufacturing sector managed to show marginal improvements in September, according to the Institute for Supply Management. However, the group said a lack of new orders is a concern going forward.
  • U.S. auto sales climbed in September from a year ago as generous discounts and low-rate financing helped bolster the sales.

 

  • Dow component Alcoa, whose business is sensitive to swings in the global economy, dropped 7%.
  • Crude oil fell to the lowest level in a year, settling at $77.61 a barrel.
  • And Gold closing at $1,658/ounce.