Thanksgiving Dow Jones Industrial Average Index Weekly Analysis

Date: 11/24/2011

Thanksgiving Dow Jones Industrial Average Index Weekly Technical Analysis 2011 Special Video. Happy Thanksgiving! The Dow Jones dropped -236 points Wednesday to close at 11,258.

Wall Street falls for the six trading day as stocks suffered another large distribution day. The Dow Jones industrial average closed down over 2% closing down -236.17 points to close at 11,257.55. The NASDAQ composite index closed down -2.43% down -61.2 points to close at 2460.08. The S&P 500 index closed down 2.21% down 26.25 points to close at 1161.79. The euro fell hard against the dollar down 1.22% to close at 1.3348. Oil fell to $-2.19 to close at $95.82 down -2.23%.

A "disastrous" German bond sale on Wednesday sparked fears that Europe's debt crisis was starting to threaten even Berlin, with the leaders of the euro zone's two biggest economies still at odds over a longer-term structural solution.

Investors continue to see forced margin call in collateralize debt forced margin selling as worldwide contagion is spreading.

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