Dow Jones Close 12/18/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/18/08

Dow Jones Industrial Average ( DJIA ) Close - 8604.99 Down 219.91
Nasdaq Stock Market Close - 1552.37 Down 26.94
S&P 500 Close - 885.31 Down 19.11
http://dowjonesclose.com

Libor Rates - 12/18/08

1 Month - 0.508%
3 Month - 1.525%

Commodities Closing Prices - 12/18/08

Gold - 853
Oil - 36.81
Natural Gas - 5.55

The Dow Jones Industrial Average closed at 8604 on 12/18/08, as Exxon Mobile ( XOM ), a key Dow component, took a nose dive due to Oil hitting $36 a barrel. Adding to the weakness, Standard and Poors downgraded GE credit to negative but still left them with a triple A rating. The Stock Market immediately traded down after this credit rating news. In the final hour, there was massive dumping of stocks, sellers were hitting the bids on most stocks hard. We now have the Dow Jones below the both moving averages but as long as the Dow holds 8500 on a closing basis, I am still bullish. For the Nasdaq, I love it above 1500. At the end of the day, Alan Greenspan came out with comments on the banking system. In March of 2007, he came out and warned of a recession in 2008 and people trashed him. I will have technical analysis of the markets tonight, Right Here

Todays Biggest Stock Market Gainers DVAX still has some life in it. In the final hour, it ran from $1.25 to $1.70. Nice move in a down market!

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