Dow Jones Close 11/18/08 - Stock Market Report

Stock Market Closing Prices - 11/18/08

Dow Jones Industrial Average ( DJIA ) Close - 8424.75 Up 151
Nasdaq Stock Market Close - 1483.27 Up 1.22
S&P 500 Close - 859.07 Up 8.33

Libor Rates - 11/18/08

1 Month - 1.45%
3 Month - 2.22%

Commodities Closing Prices - 11/18/08

Gold - 736
Oil - 54.57
Natural Gas - 6.52

The Dow Jones Industrial Average closed at 8424.75 on 11/18/08, as investors continued to sell stocks again today but with the stock market bouncing off its lows from earlier in the afternoon and the Dow Jones gaining on the day. We had a nice buy program hit the market in the final half hour of trading. The Stock Market Futures were down big this morning, The Dow Jones futures were actually down 165 at one point but Hewlett Packard ( HPQ ) pre released earnings and the company reported $1.03 vs $1.00 per share and raised guidance for 2009. Let me say that again; HPQ raised guidance for 2009. Yes, there is a company doing well in this environment. HPQ was up around 16% at one point. Research in Motion ( RIMM ) has been strong for the second straight day and has been a bright spot in the tech sector today. General Motors ( GM ) has been weak all day down around 9% to $2.87 per share. Goldman Sach ( GS ) continues to be weak as well. Goldman is a key indicator for a market turnaround. If GS stock can get some upside I think the Stock Markets will follow. At the close today, Carter Worth reiterated his " all in long " position on the stock market. That is pretty much all that happened today in the stock market, nothing to exciting, lots of sellers, very little buyers, very light volume!

Dow Jones Technical Analysis Chart
Today's Biggest Gainers - November 18th, 2008

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