Dow Jones Close 12/9/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/09/08

Dow Jones Industrial Average ( DJIA ) Close - 8691.33 Down 242.85
Nasdaq Stock Market Close - 1547.34 Down 24.40
S&P 500 Close - 888.65 Down 21.05

Libor Rates - 12/09/08

1 Month - 1.64%
3 Month - 2.16%

Commodities Closing Prices - 12/09/08

Gold - 776
Oil - 42.25
Natural Gas - 5.61

The Dow Jones Industrial Average closed at 8691 on 12/09/08, as investors took profits after a horrible outlook from Fedex ( FDX ) . The Stock Market Futures were down to flat this morning and when the Stock Market opened, the Dow Jones never really managed to go positive but the Nasdaq was up 35 at one point. The technology sector was very strong. One of the biggest gainers for the second straight day was DryShips ( DRYS ). This sector has been so oversold that a bounce was more then overdue. The volume in all the bulk shipping stocks was very high today, a good sign. The S&P 500 was fairly strong during the day but slipped below 900 is afternoon trading. At 3:26pm today, Wal Mart ( WMT ) has announced that they are suspending their share repurchase program. This is interesting news and is adding pressure to the Dow Jones Industrial Average. WMT stock is down 3.0% today. Could this signal Wal Mart is ready to buy another company? I will have technical analysis of the Nasdaq and Dow Jones, later, right HERE

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