Dow Jones Close 1/16/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/16/09

Dow Jones Industrial Average ( DJIA ) Close - 8281.22 Up 68.73
Nasdaq Stock Market Close - 1529.33 Up 17.49
S&P 500 Close - 850.09 Up 6.35
http://dowjonesclose.com

Libor Rates - 1/16/09

1 Month - 0.359%
3 Month - 1.143%

Commodities Closing Prices - 1/16/09

Gold - 842.50
Oil - 36.01
Natural Gas - 4.79

The Dow Jones Industrial Average closed at 8281 on 1/16/09, as the stock market rallied as Bank of America ( BAC ) and Citigroup ( C ) released horrible earnings but Intel ( INTC ) showed us that earnings might not be so bad for the 4th quarter. The Dow Jones opened up around 8300, dropped to 8100, and then bounced back into the 8300 area at the end of the day. Bill Gross came out in the afternoon and stated that the worst of the credit crisis as far as these banks' balance sheets go, could be over. This would be great news. Monday, the Stock Market will be closed followed by the Presidential Inauguration of Barack Obama on Tuesday. Stocks could rally because of this just like what happened leading up to the Election. I think 8500 could be difficult to get through however. I will have more technical analysis of the markets over the weekend, Right Here. Stock to Watch - Palm - continues to surge after the new product was released at the CES.

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