Dow Jones Close 11/19/08 - Stock Market

Dow Jones & Stock Market Closing Prices - 11/19/08

Dow Jones Industrial Average ( DJIA ) Close - 7997.28 Down 427
Nasdaq Stock Market Close - 1386.42 Down 97
S&P 500 Close - 807 Down 52

Libor Rates - 11/19/08

1 Month - 1.41%
3 Month - 2.17%

Commodities Closing Prices - 11/19/08

Gold - 735
Oil - 53.13
Natural Gas - 6.70 < ----- A Bright Spot! http://oilshalegas.com

The Dow Jones Industrial Average closed at 7997 on 11/19/08, as investors continued to sell stocks, especially the financials. The Stock Market Futures were down slightly this morning, The Dow Jones futures were actually down around 100 at one point this morning right around the time the CPI number came out. The Dow Jones was actually up 45 points right at the open but selling quickly took hold. The Nasdaq was very weak today, down 50-60 points for most of the day. Goldman Sachs ( GS ) and Citigroup ( C ) were the laggards as far as financials go. Citigroup is under $7 today! Remember what Meredith Whitney said when Citi was trading around $12 just a few weeks ago? These two stocks usually set the tone for the day. Other stocks I watch are the QQQQ, AAPL, and XOM. You can tell a lot about what the stock market will do by watching these stocks. To sum up the day, I think investors are nervous about financials again as well as the big three automakers and whether they will get bailed out. Having them go bankrupt could really hurt our economy even more. You are talking over 2 million jobs being lost if GM, Ford, and Chrysler would go Bankrupt. We are now Retesting the Lows on a closing basis...very bearish!

The Dow Jones was bouncing off 8175 all day but in the last hour it was taken out with nice volume. We closed below 8000 for the first time! I am now looking for 7965 to be tested tomorrow. We are only about 30 points away. I will try to get a new chart up later tonight but for now you can use THIS ONE

Volatility Index ( VIX ) - 11/19/08

The VIX index which measures how volatile the stock markets are hit 75 today, spiking nearly 10%. If you recall, back in October the VIX topped out at 90 before retracing back to 45 the day after the Election. The Volatility Index is something to watch!


Biggest Gainers - November 19, 2008

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