Dow Jones Close 12/2/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/02/08

Dow Jones Industrial Average ( DJIA ) Close - 8419.09 Up 270
Nasdaq Stock Market Close - 1449.80 Up 51.73
S&P 500 Close - 849 Up 33

Libor Rates - 12/02/08

1 Month - 1.90%
3 Month - 2.21%

Commodities Closing Prices - 12/02/08

Gold - 782
Oil - 47.35
Natural Gas - 6.45

The Dow Jones Industrial Average closed at 8419 on 12/2/08, as investors bought stocks following yesterdays stock market crash. The stock market futures were up nicely this morning and stocks opened even higher. The stock markets' started giving back their gains when the automakers reported sales. Ford ( F ) auto sales for November were down almost 31%. General Motors ( GM ) auto sales were down 41% and this is the news that sent the Dow Jones back to break even before taking off to the upside in the final hour of trading. Research in Motion ( RIMM ) was a big laggard on the Nasdaq as Palm ( PALM ) gave a dismal outlook for 2009. Goldman Sachs ( GS ) hit $60.22 as the company came out and said they will lose as much as 2 billion dollars when they report earnings.

The Dow Jones is back over its 10 day moving average which is bullish, we tested the lows from yesterday and they held. I am continuing to use the 10 day moving average as my marker between buying and selling. The 10 day is currently at 8308. I will have updated technical analysis chart tonight, right HERE. Check out Art Cashin's resistance levels for the S&P 500.

Volatility Index ( VIX ) - 63.30

Today's Biggest Gainers - 12/2/08 - CNB was one of the hottest stocks today, up more then 50%

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