Dow, S&P Log Worst Thanksgiving Week Since 1932
Published: Friday, 25 Nov 2011 | 1:10 PM ET Text Size
By: JeeYeon Park
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.