Jim Chesko reporting for WWL First Business News
Stocks fell slightly today. The Dow Industrials dropped 54 points, the Nasdaq Composite fell 20, and the S&P 500 slipped 5.
With attractive mortgage rates again providing a boost, sales of previously owned homes rose 1.9% in October. On a year-over-year basis, overall sales were up 4.6%. Sales rose in the Midwest and the South, but fell in the more expensive regions of the Northeast and the West.
Metairie is losing one of its restaurants next week. Legacy Kitchen on Veterans Blvd., which offers local favorites as well as modern American standards, announced via its Facebook page that it will close its doors for good next Wednesday night.
Oil prices rose sharply for a second-straight day … in part due to hopes for deeper cuts by OPEC nations. December crude jumped $1.51, or 2.8%, to settle at $58.58 a barrel.