Stock Market Closing Prices - 11/26/08
Dow Jones Industrial Average ( DJIA ) Close - 8726.61 Up 247.14
Nasdaq Stock Market Close - 1532.10 Up 67.37
S&P 500 Close - 887.64 Up 30.25
Libor Rates - 11/26/08
1 Month - 1.43%
3 Month - 2.18%
Commodities Closing Prices - 11/26/08
Gold - 815
Oil - 54.84
Natural Gas - 6.80
The Dow Jones Industrial Average closed at 8726.61 on 11/26/08, as the stock market shrugged off horrible economic data like durable goods and jobless claims to stage a 4th consecutive day of gains. The Dow Jones was down over 100 points at one point but by 10am it started the recovery to close up big today. Even the India Terrorist Attacks could not hurt these stock markets. Things are looking really good for the markets right now and we have broken out of a tough trading range of 8300-8600 on the Dow Jones. I will post new technical analysis later, HERE . I have now moved my stop order from 8280 to 8500 on the Dow Jones. The next level I am looking at is 8923.18. Keep in mind, today was a very light volume day and Friday will be as well. We will know if this rally is for real on Monday when everyone is back at their trading desks. One stock to note, Chesapeake Energy ( CHK ) has broken out today to close above $20. This is a very bullish sign for the stock.
Today's Biggest Gainers - November 26th, 2008
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