Stock Market Closing Prices - 1/30/09
Dow Jones Industrial Average ( DJIA ) Close - 8000.94 Down 148.07
Nasdaq Stock Market Close - 1476.42 Down 31.42
S&P 500 Close - 825.90 Down 19.24
http://dowjonesclose.com
Libor Rates - 1/30/09
1 Month - 0.419%
3 Month - 1.184%
Commodities Closing Prices - 1/30/09
Gold - 930
Oil - 41.62
Natural Gas - 4.41
The Dow Jones Industrial Average closed at 8001 on 1/30/09, as the stock market fell on a better then expected GDP report and the rumor that the bad bank plan is on hold. The Dow Jones Futures started the day down, we got the GDP number which was down 3.8%, and stocks began to rally in pre market. After the stock market opened, it began to trade lower. Later in the day, CNBC's Charlie Gasparino reported that the Government's bad bank plan might have hit a roadblock and they are unclear on how to act on the plan. This sent the Dow Jones, Nasdaq, and S&P 500 lower. This is bad for the stock market because it bring uncertainty back into the market. It will be interesting to see how we open on Monday given this news. I will have full technical analysis of the stock market over the weekend, Right Here.
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