Acadiana Business Index 08-04-11
Mark Lasseigne fills you in on a terrible day on Wall Street.
-The Dow Jones Industrial Average plunged 513 points to 11,384.
-Commodities, currency and equities markets were in a state of near-panic, as central banks took increasingly drastic steps to salvage the global economic recovery.
-Investors are bracing for tomorrow mornings pivotal July employment report from the U.S. Labor Department.
-Oil prices suffered steep losses, closing at $86.63/ barrel.
-And gold turned negative as panic selling spread through the markets.
Gold settling at $1,658 an ounce.
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