Stock index trend-lines continued to struggle during the last trading session
in the U.S. Eurozone worries plagued investors throughout the session and this
action applied negative pressure to primary indicators. European markets
finished lower on a broad scale last session. The CAC 40 fell by 1.78 percent.
The FTSE 100 dropped lower by 1.56 percent and the DAX in Germany fell lower by
1.07 percent. Negative trends observed in the eurozone continues to spill over
into the U.S. and pressure composites. End of day close for the primary indices
in the U.S. was negative. The Dow Jones finished the day lower by 1.13 percent
at 11,770.73. The Nasdaq finished the day lower by 1.96 percent at 2,587.99. The
S&P 500 finished the day lower by 1.68 percent at 1,216.13. Stocks finished
lower last session even though jobless claims posted lower than expected. For
the week ending Nov. 12, the Labor Department reported that initial jobless
claims dropped to 388,000. The November of housing building permits notched
higher but the number of new homes under construction dropped lower. Oil price
per barrel fell as did gold price per ounce rates. The yield on the ten year
treasury dropped down to 1.96 percent. Frank Matto
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