Market Breaking News 23/11/11

1. Jobless Claims Up 2,000 to 393,000; Durable Goods Order Unexpectedly Fall, Down 0.7%; Personal Income Rises 0.4%, Spending Up 0.1%.


2. Stocks tumbled at the open Wednesday amid ongoing worries over debt issues in the U.S. and euro zone in addition to a handful of tepid economic news.

All 30 Dow components opened lower, led by Alcoa and ExxonMobil.

3.  Stocks tumbled across the board Wednesday as ongoing worries over debt issues in the U.S. and euro zone in addition to a handful of tepid economic news weighed on investor sentiment ahead of the Thanksgiving holiday.

All 30 Dow components fell, led by BofA and Alcoa.

4.A federal judge ruled that Pennsylvania's capital city of Harrisburg may not seek bankruptcy protection, calling the filing "illegal."

5. Stocks finished near session lows in thin trading Wednesday as investors hesitated to stay long ahead of the Thanksgiving holiday amid ongoing concerns over debt issues in the U.S. and euro zone.

Markets and banks will be closed Thursday for the Thanksgiving holiday, while Friday will be a shortened trading session.

6.  The Dow Jones Industrial Average plunged 236.17 points, or 2.05 percent, to finish at 11,257.55.

7. The S&P 500 dropped 26.25 points, or 2.21 percent, to end at 1,161.79. The Nasdaq fell 61.20 points, or 2.43 percent, to close at 2,460.08. The S&P and Nasdaq logged their sixth losing session and have fallen more than 7 and 8 percent in the last six sessions, respectively.

8. The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished above 33. This marks the Vix's 11th straight close above 30.