After a two-day skid, stocks managed a modest rebound today.
The Dow Jones Industrials recouped 123 points, the Nasdaq Composite rose 87, andthe S&P 500 gained 23.
Make it an 8th-straight daily decline for U.S. oil futures, however. Amid growing concerns about global demand, November crude slipped another 19 cents to settle at $52.45 a barrel – the lowest finish in two months.
A popular Uptown New Orleans restaurant has been ordered to pay back wages to more than 200 employees. After an investigation, the U.S. Department of Labor instructed Superior Seafood and Oyster Bar to pay $238,000 to 222 employees who weren’t properly paid for overtime work.
Allegiant Air now flies to Grand Rapids, Michigan. The low-cost airline today began non-stop service from New Orleans’ Louis Armstrong Airport to Grand Rapids. Flights will be twice weekly, with round-trip fares starting at $53.