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Security Breach Makes An Impact – Acadiana Business Index

 

Wall Street
(Photo by Spencer Platt/Getty Images)

Wall Street ends a stellar quarter. Mark Lasseigne fills you in on the details on Friday’s Acadiana Business Index.

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  • The Nasdaq Composite is ahead a blistering 18.8%.
In economic news,
  • Consumers spent more the first two months of the year.  The gains reflect higher energy costs and lower savings as income growth is weak.
  • Elsewhere, a reading on March manufacturing activity in the Chicago area came in slightly lower than expected.
In corporate news,
  • Global Payments fell 11%. The processor of credit and debit cards for banks and merchants was hit by a security breach that put around 50,000 cardholders at risk.
  • And GasLog, a liquefied natural gas company, fell 9% on its first day as a publicly traded company.
  • Light sweet crude settled at $103.022.78 a barrel.
  • While gold closed at $1,672 an ounce.

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