![Markets Lower Over European Debt Worries: Acadiana Business Index](http://townsquare.media/site/36/files/2011/12/Mark-Lasseigne.jpg?w=980&q=75)
Markets Lower Over European Debt Worries: Acadiana Business Index
Markets turned negative, after the European Central Bank lowered its key lending rate by 0.25 percentage point, but stopped well short of committing to buy more government bonds. Mark Lasseigne has your market report in today's Acadiana Business Index.
The Dow Jones Industrial Average fell 199 points to 11,998.
In U.S. economic data,
The Labor Department said 381,000 Americans filed new claims for government unemployment last week.
Wholesale inventories for October rose 1.6% as companies stocked up in anticipation of strong holiday sales.
Among stocks in focus,
McDonald's was the only positive stock in the Dow Industrials, up $0.47 . The fast-food company's global sales jumped 7.4% in November, greater than expected.
And, Ford said it will reinstate its dividend, of five cents a share, for the first time in more than five years. Ford said it would maintain the dividend even if another downturn hits the U.S.
Crude oil closed at $99.77 a barrel.
U.S inventories of crude oil, gasoline and heating oil all showed larger-than-expected increases last week, according to a report by the Energy Information Administration.
Gold settled at $1,713 an ounce.
More From News Talk 96.5 KPEL
![Louisiana Tops Two Employment Lists](http://townsquare.media/site/180/files/2022/07/attachment-GettyImages-1221044800.jpg?w=980&q=75)
![Audit Finds Louisiana Made $2.9 in Improper Unemployment Payments](http://townsquare.media/site/33/files/2021/11/attachment-RS9908_122486570.jpg?w=980&q=75)
![Governor Edwards Considering Ending Enhanced Unemployment Benefit](http://townsquare.media/site/33/files/2021/06/tim-mossholder-vdhNO4mGQ14-unsplash.jpg?w=980&q=75)
![Louisiana Group Calls for End to Enhanced Unemployment Benefits](http://townsquare.media/site/33/files/2020/06/GettyImages-965594612.jpg?w=980&q=75)
![Audit Finds $6.2M in Unemployment Benefits Paid to Ineligible Incarcerated Individuals](http://townsquare.media/site/34/files/2021/05/pepi-stojanovski-MJSFNZ8BAXw-unsplash.jpg?w=980&q=75)
![Staffing Shortages Hamper Louisiana Restaurants Pandemic Recovery](http://townsquare.media/site/33/files/2020/07/GettyImages-1226506865.jpg?w=980&q=75)
![Louisiana Paid Over $400 Million in Unemployment Benefits to Ineligible Recipients](http://townsquare.media/site/33/files/2016/05/Unemployment-Claims.jpg?w=980&q=75)
![Louisiana Workforce Commission Site Expected Back Online Today](http://townsquare.media/site/29/files/2017/08/87228988.jpg?w=980&q=75)
![Free Mobile Internet Service for Those in Need in Louisiana](http://townsquare.media/site/33/files/2012/02/cellphone-couple.jpg?w=980&q=75)