Volatile trading on Wall Street, as the market continues to yo-yo back and forth. Mark Lasseigne fills you in on the markets on today's Acadiana Business Index.

  • In economic news, the Labor Department said 391, 000 Americans filed new claims for unemployment benefits last week.
  • And the Commerce Dept. said the gross domestic product, the broadest measure of all the goods and services in the economy, grew at a rate of 1.3% from April to June.
  • Overseas, Germany's parliament approved legislation to expand the euro zone's rescue fund, known as the European Financial Stability Facility.  All 17 euro-zone governments need to approve the expansion.
  • Tech names pressured the Nasdaq
  • Shares of Advanced Micro Devices slumped 13.6% to 5.31 after the chip maker lowered its growth forecast for the current quarter.
  • Netflix plunged 11% to 113.19, after Microsoft said it intends to offer online pay television service through Xbox Live
  • Other big-cap Internet names were also down. Yahoo lost 5.4 percent to $13.42 while Amazon.com fell 3.1% to 222.44.
  • Crude oil settled at $82.14 a barrel.
  • And Gold closing at $1,615/ounce.