Stocks Rebound On Wall Street: Acadiana Business Index

Stocks rebound after a horrible day on Wall Street yesterday. Mark Lasseigne has more on today's Acadiana Business Index.

• The Dow Jones Industrial Average gained 153 points to 10,809.

• A report that European Union finance ministers are discussing ways to recapitalize European banks, fueled a strong comeback in the final hour of trading, and pushing all market indexes into positive territory.

• In corporate news: Apple unveiled the latest generation of its iPhone, the 4S, featuring a faster processing chip, better camera and voice-command capability. AAPL down 0.5% to 372.50.

•  Dow Chemical, the world’s second largest chemicals company, said it has reduced its growth forecast for Europe and the U.S., but would still meet profit goals.  DOW up 6% to 22.80.

• Ford reached a tentative agreement with the United Auto Workers, clearing the way for a vote by the end of the week on a contract that promises signing bonuses and additional jobs at U.S. plants. F up 7.6% to 01.08.

• Crude oil traded lower, settling at $75.67 a barrel.

• And Gold closing at $1,616 an ounce.