Dow Gains Over 300 Points: Acadiana Business Index
Wall Street rallies, despite another bleak dose of economic data. Mark Lasseigne fills you in.
- Dow Jones Industrial Average gained 322 points to 11,177.
- Investors overlooked today's release of the Richmond Fed's regional manufacturing survey, which showed economic activity in the central Atlantic region declined sharply in August.
- Instead, the market remained fixated on Fed Chairman Bernanke's scheduled speech in Jackson Hole, Wyo., Friday. Investors are hoping for potential signs of additional measures to stimulate the economy.
- Gold prices pulled back to $1,863/ounce.
- And Crude oil closed at $85.44 a barrel.