Stocks worst Thanksgiving week since the Great Depression

Didn’t Obama save us from Crisis, Catastrophe, saved the economy and kept us from a Great Depression? Seems the stock market doesn’t think so.

Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the weekend and amid ongoing worries over the euro zone.

The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis.

Major U.S. Indexes

The Dow Jones Industrial Average erased their gains to finish lower, led by H-P [HPQ  25.39    -0.39  (-1.51%)   ] and Chevron [CVX  92.29    -1.46  (-1.56%)   ].

The S&P 500 and the Nasdaq also ended lower, logging a seventh consecutive decline. Some traders are watching for 1,150 on the S&P as the next key level.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended above 34.

Among key S&P sectors, consumer staples and utilities led the gainers, while energy and techs lagged.

via US Stocks: Dow, S&P Log Worst Thanksgiving Week Since 1932 – US Business News – CNBC.

About Albert N. Milliron 6987 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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