Treasuries slipped as concerns that yields were closing in on a record low were not justified. However, analysts feel that holiday shopping is set to increase this year. Again, worries surrounding Europe still hover over the market as more news came out involving Europe’s debt woes.
What’s Up on Wall Street?
The stock market continued its slide over Thanksgiving yesterday, as all eyes continue to remain on Europe. The Dow Jones Industrial average fell a monstrous 236 points (2.05 percent). The S&P 500 had its fifth consecutive day of losses and dropped 26.25 points (2.21 percent), while the Nasdaq Composite was hit the hardest and lost 61.20 points (2.43 percent).
Eric Mally is a writer for Quicken Loans, an amazing place to work. Find out more about being a part of our team at Quicken Loans and learn how we Amaze our clients.
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