Dow Jones Close 11/04/08 - Stock Market Closing Prices, Oil, Natural Gas

Stock Market Closing Prices - 11/04/08

Dow Jones Industrial Average ( DJIA ) Close - 9625.28 Up 305
Nasdaq Stock Market Close - 1780 UP 54
S&P 500 Close - 1006 Up 39

Libor Rates - 11/04/08

1 Month - 2.18%
3 Month - 2.71%

Commodities Closing Prices - 11/04/08

Gold- 766
Oil- 69.95
Natural Gas- 7.25

The Dow Jones Industrial Average closed at 9625 on 11/04/08, as a relief rally swept through the stock market in anticipation that Barack Obama will win the election. The stock market is going up today because of certainty versus going down because of uncertainty which we had for all of October. The Stock Market Futures were up big this morning, The Dow Jones futures were actually up 230 points at one point with Libor Rates falling for the 7th straight day. The Dow Jones hit a high of 9633 today and traded above 9600 several times, but at 2pm est this all changed. The stock markets began to sell off, halving their gains by 3pm est before bouncing all the way back near the close. Everyday we get attempts to sell off the market in the last half hour only to bounce back near the close. Today at the close, we broke back up through 9633. This latest rally is strong! Oil and Natural Gas prices soared today & Jim Cramer gave a few stock picks at the end of the day today.

Stocks To Watch - Hot Stocks

Biggest Stock Gainers Today - 11/04/08

CIT Group ( CIT ) - CIT group was one of the hottest stocks for most of today

MasterCard ( MA ) & Visa ( V ) have been on fire all day...these two were stocks we mentioned this morning in our pre market trading report. Jim Cramer endorsed them later in the day. The volume is actually coming back to these two stocks which is very positive going forward!

Solar Stocks - First Solar ( FSLR ), Evergreen Solar ( ESLR ), Solarfun ( SOLF ), Energy Conversion Devices ( ENER ) have been hot all day with anticipation Barack Obama will win. Be careful with these stocks though, this looks like typical buy the rumor sell the news, some of these stocks are up 50% in a week and they have been predicting Obama to win for months now.

Hartford Financial ( HIG ) & Las Vegas Sands ( LVS ) have cooled down finally, they have been really weak at the end of the day today. I would only buy these two if they break through the highs of day from here on out.

Baidu.com ( BIDU ) has broken some resistance and has gone up 15% today, keep an eye on this stock!

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