Market Begins Week On Negative Note – Acadiana Business Index
Wall Street drops on a disappointing labor picture as the Dow Jones Industrial Average fell 131 points. Mark Lasseigne has the latest on what's happening on Wall Street on Monday's Acadiana Business Index.
- The Labor Department reported Friday, that the US economy added 120,000 jobs in March. Meanwhile, the unemployment rate fell to 8.2% from February's 8.3%, beating expectations.
In corporate news,
- Avis Budget slipped 3.1%. The car rental company said it was removing about 10,000 Ford Focus sedans from its fleet amid a safety recall. Ford Motor also fell.
- Light sweet crude settled at $102.46 a barrel.
- And, gold closed at $1,642 an ounce.