Dow Jones Close 12/8/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/08/08

Dow Jones Industrial Average ( DJIA ) Close - 8934.18 Up 298.76
Nasdaq Stock Market Close - 1571.74 Up 62.43
S&P 500 Close - 909.68 Up 33.61

Libor Rates - 12/08/08

1 Month - 1.83%
3 Month - 2.19%

Commodities Closing Prices - 12/08/08

Gold - 773.50
Oil - 44.06
Natural Gas - 5.59

The Dow Jones Industrial Average closed at 8934 on 12/08/08, as the stock market rallied after Barack Obama talked about a big stimulus package over the weekend and the big three automakers are getting ready to receive a bailout, but the White House is not liking the proposal received today. The Stock Market Futures started the day higher, The Dow Jones Futures were up about 200 points this morning. It was all up from there as the Dow Jones briefly broke 9000 this afternoon. Stocks were up all across the board, technology, industrials, financials, even energy stocks participated in the rally. Chesapeake Energy ( CHK ) was up nicely as the company came out and said they will try and sell some Fayetteville Shale assets and only sell 25 million shares to raise capital. The Bulk Shipping Stocks were all higher as this oversold sector got a big bounce. Dryships ( DRYS ) was one of the biggest gainers today up over 45%. Potash ( POT ) finally broke through the 10 day moving average is starting to rip higher. Most stocks are up huge today! Will it last? The QQQQ has some major resistance between $30.42 - $30.76 and to close above these levels over the next few days would be amazing. I will have more technical analysis of the stock market tonight, right HERE

Today's Biggest Gainers - December 8, 2008
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