"(Reuters) - Wall Street is in for a volatile week as escalating problems in Europe's debt crisis continue to keep investors on their toes.
With light trading volume expected next week due to the U.S. Thanksgiving holiday on Thursday, intraday swings are likely to be wide and frequent as traders instantly react to headlines out of Europe.
In addition, a 12-member "super committee" in Congress has until midnight on Wednesday to strike a deal involving tax increases and spending cuts to rein in federal spending. Investors are concerned that failure to reach a deal would result in automatic reductions that would harm the fragile recovery."
With light trading volume expected next week due to the U.S. Thanksgiving holiday on Thursday, intraday swings are likely to be wide and frequent as traders instantly react to headlines out of Europe.
In addition, a 12-member "super committee" in Congress has until midnight on Wednesday to strike a deal involving tax increases and spending cuts to rein in federal spending. Investors are concerned that failure to reach a deal would result in automatic reductions that would harm the fragile recovery."
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