Why Did Stocks Drop?

Last week was a tough one for markets.  The S&P 500 dropped 3.79% and experienced its worst results during a Thanksgiving week since 1939.  While the index officially entered correction territory on Friday, it closed 10.2% below its most recent record high.  Meanwhile, the Dow and NASDAQ continued the downward trend, losing 4.44%, and 4.26%, respectively.  International stocks in the MSCI EAFE also declined, posting a 1.12% loss.

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