Dow Jones Close 1/7/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/7/09

Dow Jones Industrial Average ( DJIA ) Close - 8769.94 Down 245.16
Nasdaq Stock Market Close - 1599.06 Down 53.32
S&P 500 Close - 906.65 Down 28.05
http://dowjonesclose.com

Libor Rates - 1/7/09

1 Month - .406%
3 Month - 1.397%

Commodities Closing Prices - 1/07/09

Gold - 841
Oil - 42.72
Natural Gas - 5.89

The Dow Jones Industrial Average closed at 8770 on 1/7/09, as the stock market dropped big today on technical and fundamental reasons. From the technical side, the Dow Jones gapped below 9000 which was a key support level. We are now back testing the key moving averages - 10 day and 50 day. I expect this decline to stall here between 8750-8650 as buyers step in. The fundamental reason for the decline today was the ADP Employment Report, Intel Warning, and Satyam fraud. You can find this article RIGHT HERE. I will also have technical analysis of the stock market this evening, RIGHT HERE. DryShips ( DRYS ) finally broke down today after my target was hit between $15-$17. $13.76 support ( the previous high ) did not hold and Drys is falling further. Monsanto ( MON ) exploded to the upside on awesome earnings. All eyes will be on Retail Sales due out tomorrow morning at 8:30am Est. Could be a market mover!

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