Dow Plummets As Super-Committee Fails: Acadiana Business Index

Wall Street falls as investors react to deadlock in deficit talk as the Dow Jones Industrial Average dropped 249 points. Mark Lasseigne has your market report on today's Acadiana Business Index.

• The U.S. congressional super-committee inched closer to a Nov. 23 deficit-cutting deadline without visible progress. Concerns surrounded the chance of downgrades to the U.S. credit rating if an agreement is not reached.

• The focus was also on the euro-zone debt crisis, with the Stoxx Europe 600 losing 3.2%. Moody's Investors Service said it may change its stable outlook on France's triple-A rating to negative in the coming months, and that German banks have sizable exposures to troubled euro-zone countries.

• Crude oil closed at $96.92 a barrel.

• And Gold settled down at $1,679 an ounce.