Dow Jones Close 10/30/08 - Stock Market Closing Prices, GDP

Stock Market Closing Prices - 10/30/08
Dow Jones Industrial Average ( DJIA ) Close - 9181 Up 190
Nasdaq Stock Market Close - 1698 Up 41
S&P 500 Close - 954 Up 24
Libor Rates - 10/30/08
1 Month - 2.85%
3 Month - 3.19%

Commodities Closing Prices - 10/30/08

Gold - 734
Oil - 65.96
Natural Gas - 6.48

The Dow Jones Industrial Average closed at 9181 on 10/30/08, as investors shook off the General Electric comments from yesterday and bid stocks higher. The Stock Market Futures were up this morning thanks to the better then expected GDP number of -.3% for the third quarter. Wall Street expected the GDP figure to be much worse, some calling for the number to be down 1% for the third quarter. The Dow Jones was strong pretty much all day long, hitting a high of 9266 right after the open. We lost some steam in the final hour however. The final hour has been the most volatile period for stocks during the day for the past several weeks. Tomorrow, if the Dow Jones can break the 9266 high, it will most likely test 9500 in the next few trading session. Another key reason the stock market went up today was a giant fall in the Libor Rates. Libor Rates have been dropping steadily all week creating a bullish environment for stocks. Don't forget to check out comments by Bill Ackman and Art Cashin from this morning.

Biggest Stock Gainers: 10/30/08

IntercontinentalExchange, Inc. (ICE) was one of the biggest gainers today in the stock market. ICE was up over 32% today because of earnings and the fact that they are buying a clearing firm.

Las Vegas Sands ( LVS ) was up huge this morning, hitting 12.75 at one point. This stock will be an active one for day traders in the days and weeks to come. LVS has been weak at the close for the second straight day so be careful!

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http://daytradingstockblog.blogspot.com/