Stocks on Wall Street declined, closing the market with the worst quarter in years. Mark Lasseigne has more on today's Acadiana Business Index.
- A surprise jump in the euro-zone's inflation rate for September soured the tone of trading. Concerns over Chinese growth also weighed on stocks.
- U.S. economic data was mixed. The Commerce Department reported Americans' income fell for the first time in nearly two years, while spending was up 0.2%.
- Shares of Micron Technology dropped 12% to 5.04 after the chip maker reported a fourth-quarter loss on declining selling prices for PC memory.
- Ingersoll-Rand fell 14% to 28.08 after the industrial conglomerate lowered its earnings and revenue outlook for the current quarter.
- Crude oil settled at $79.20 a barrel.
- And Gold closing at $1,622/ounce.