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Dow, S&P Log Worst Thanksgiving Week Since 1932

Dow, S&P Log Worst Thanksgiving Week Since 1932

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Stocks closed in unfavorable territory in skinny, shortened investing Friday as investors have been reluctant to go extended forward of the weekend and amid ongoing concerns around the euro zone.

The Dow and S&P posted their worst Thanksgiving week given that the Excellent Despair on a percentage basis.

Significant U.S. Indexes

.DJIA

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.NCOMP

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.SPX

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The S&P 500 and the Nasdaq also ended reduced, logging a seventh consecutive decline. Some traders are watching for one,150 on the S&P as the following essential degree.

The CBOE Volatility Index, commonly regarded the greatest gauge of dread in the industry, ended above 34.

Amid key S&P sectors, buyer staples and utilities led the gainers, while electricity and techs lagged.



Sources and more information:

Portfolio Insights by Brett Arends: Money managers fear euro zone breakup

By Brett Arends , MarketWatch BOSTON (MarketWatch) - Nearly half of all institutional money managers now fear a partial break-up of the euro zone, a new survey revealed. And nearly 75 predict that the U.S. debt will be downgraded still further by ratings agencies. That's the take from the latest monthly survey of major money managers worldwide...

Italian debt sale adds to pressure on euro

By Richard Hubbard Stock markets and the euro fell on Wednesday, worried by record high borrowing costs for Italy and the Federal Reserve's decision to do nothing new to prop up growth despite warning Europe's debt crisis could hurt the U.S. economy. The euro broke 11-month lows versus the dollar below 1.

Euro slides to 11-month low against greenback

Euro below US$1.30


( via cnbc.com )



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