Dow Gains Nearly 150 Points: Acadiana Business Index
Another day of positive gains on Wall Street. Mark Lasseigne fills you in on what's happening on Wall Street in today's Acadiana Business Index.
- Stocks higher, but pared gains in the final trading hour after a report that a split has developed in the euro zone over the terms of Greece's second bailout package.
- The Dow Jones Industrial Average added 147 points to 11,191.
- In economic data, the Conference Board said the mood among U.S. consumers remains low in September after plummeting in August, with consumers worried about their future incomes.
- And, the National League of Cities said U.S. cities could remain in bad financial shape for a while, as a weak economy has lowered tax revenue and delayed infrastructure projects.
- Shares of Walgreens fell 6.3%, to 33.77, after the drug store chain said there has been no progress in contract-renewal negotiations with Express Scripts. The company has generated revenue of about $5.3 billion annually for Walgreen.
- Apple announced an iPhone-related event Oct. 4 at its Cupertino, Calif., headquarters, setting the stage for the widely anticipated launch of its latest smartphone. AAPL down 1% to 399.26
- Oil futures rose to $84.45 a barrel.
- And Gold closing higher at $1,652/ounce.