![Dow Exceeds But Can’t Maintain All Time High – Acadiana Business Index](http://townsquare.media/site/36/files/2011/08/Wall-Street-Sign-Michael-Nagle-Getty1.jpg?w=980&q=75)
Dow Exceeds But Can’t Maintain All Time High – Acadiana Business Index
The major averages finished mixed on the session. Ken Meyers has your Acadiana Business Index.
To listen to Ken's economic report, CLICK BELOW:
- The Dow Jones Industrial Average gained just 14 points to 15,976 after being up by as many as 68 points in early trading. The S&P 500 fell 6 to 1791 and the NASDAQ shed 36 points with the index closing at 3949.
- Stocks turned lower in the final hour of trading after Carl Icahn expressed a cautious outlook on equity markets. The comments added to existing trepidation following a six-week rally on the S&P and ahead of Ben Bernanke’s speech Tuesday evening.
- Monday’s economic data was disappointing with the NAHB housing market index falling short of estimates.
- Most sectors on the S&P ended lower. Energy stocks showed weakness as crude oil prices declined 0.9% to $92.97 per barrel. On the earnings front, Tyson Foods added 2.2% to $29.42 after posting earnings ahead of analysts’ estimates. In other news, shares of Microsoft fell 1.7% to $37.20 as the stock received an analyst’s downgrade.
- Composite volume on the NYSE was more than 3.1 billion shares with declining issues besting advancers by an 8-5 margin. The NASDAQ was 7-4 negative on issues.
- Turning to fixed income markets, Treasuries were higher along the curve. The benchmark 10-year note was up 13/32 to yield 2.67% and the 30-year bond gained 13/16 of a point to yield 3.75%.
More From News Talk 96.5 KPEL
![Breaux Bridge Man Drowns After Car Plunges into Pond](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16-copy.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![Louisiana Man Indicted On 7 Counts in Murder, Kidnapping Case](http://townsquare.media/site/36/files/2024/07/attachment-Screenshot-2024-07-12-at-4.10.22-PM.jpg?w=980&q=75)
![Acadiana Single Mom Gifted Car By Lafayette Non Profit](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-161.jpg?w=980&q=75)
![Two Arrested for Church Point, Louisiana ATM Theft](http://townsquare.media/site/34/files/2022/04/attachment-jake-allen-7Q1lhdgbyNU-unsplash.jpg?w=980&q=75)
![CEO of Louisiana Animal Charity Arrested for Child Pornography and Animal Sexual Abuse](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16.jpg?w=980&q=75)
![Louisiana Man Robbed at Gunpoint in His Own Home](http://townsquare.media/site/36/files/2024/01/attachment-Untitled-design-43.jpg?w=980&q=75)
![4th of July Firework Laws for Louisiana and Acadiana](http://townsquare.media/site/33/files/2013/12/Fireworks-Getty.jpg?w=980&q=75)
![Police Car Submerges in Louisiana Bayou Following High-Speed Chase](http://townsquare.media/site/36/files/2024/07/attachment-michael-fortsch-y5LaV9IEC_g-unsplash.jpg?w=980&q=75)