Dow Jones Close 10/29/08 - Stock Market Closing Prices - General Electric ( GE )

Stock Market Closing Prices - 10/29/08

Dow Jones Industrial Average ( DJIA ) Close - 8990 Down 74
Nasdaq Stock Market Close - 1657 Up 7.74
S&P 500 Close - 930 Down 10.50
Libor Rates - 10/29/08

1 Month - 3.12%
3 Month - 3.42%

Commodities Closing Prices - 10/29/08
Gold - 753.3
Oil - 67.64
Natural Gas - 6.54

The Dow Jones Industrial Average closed at 8990 on 10/29/08, as investors bought stocks again after yesterdays historic move in the stock market, until General Electric GE came out with bad news on 2009 earnings with 5 minutes left to go in the trading day. This sent stocks down! The Stock Market Futures were down slightly this morning, The Dow Jones futures were actually down 60 points until the new libor rates were set. The Markets rallied up and down all day leading up to the Fed Rate Cut Decision. After stocks fell on the news of the rate cut, the stock market began to take off to the upside at 3:15pm Est. time. Apple ( AAPL ) was strong all day up more then 7% for most of the day. A key Down Jones component, General Motors ( GM ), came out with several pieces of news helping their stock price to rise. Will the stock market go up tomorrow? Most guests on CNBC think this rally has legs, especially Art Cashin, floor trader on the NYSE. . The key point to note is that usually on a big stock move like yesterday you would see some kind of correction. The GE news on their profitability with 5 minutes to go caused the Dow Jones to fall over 250 points but we did not have a huge red day. GE stock is now trading at $19 per share after falling.


Todays Biggest Stock Market Gainers

Las Vegas Sands ( LVS ) was a huge gainer today on the MGM Mirage earnings news. LVS was up over 100% today at one point and appears to still be strong despite the end of the day sell off. LVS hit a high of $10.97 before going under $9 right before the close. Watch this stock tomorrow 10/29/08! Over 50 million shares traded hands so this is a day traders delight!

Potash ( POT ) had strength all day long and that stock broke two resistance levels, $72 and $82, all in one day. I think Potash is ready to move higher and the bottom could be in finally.

Be Sure to always check my Blog for the latest updates on the stock market by visiting:

http://daytradingstockblog.blogspot.com/