Rumor moves the market as the Dow Jones Industrial Average rallied 181 points. Mark Lasseigne has the latest on what's happening on Wall Street on Thursday's Acadiana Business Index.

  • A round of U.S. economic data failed to impress.
  • New applications for unemployment claims had their biggest weekly rise in nearly a year and were higher than expected.
  • Meanwhile, the U.S. trade deficit registered its largest contraction in nearly three years in February, narrowing more than economists expected.
In corporate news,
  • Global shipments of personal computers rose in the first quarter. H-P remained the top PC maker by volume.
  • And, Google rose 2.4% ahead of the Internet giant's first-quarter results.
  • Light sweet crude settled at $103.64 a barrel.
  • And, gold closed at $1,680 an ounce.