Dow Jones Close 1/9/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/9/09

Dow Jones Industrial Average ( DJIA ) Close - 8599.18 Down 143.28
Nasdaq Stock Market Close - 1571.59 Down 45.42
S&P 500 Close - 890.35 Down 19.38
http://dowjonesclose.com

Libor Rates - 1/9/09

1 Month - .366%
3 Month - 1.26%

Commodities Closing Prices - 1/09/09

Gold - 854
Oil - 40.60
Natural Gas - 5.53

The Dow Jones Industrial Average closed at 8599 on 1/9/09, as the stock market fell on a better then expected jobs number but the revisions from the previous two months have Wall Street questioning the truthfulness of today's data. The employment data for December was out in pre market and showed the US losing 524,000 jobs with the unemployment rate spiking to 7.2%. The problem is we got another big downward revision for the November report. The Government told us we lost an additional 150k jobs in November in addition to the 533,000 loss already reported. ( -683,000 total )
How are we supposed to believe the jobs number today was correct? This is why I believe the stock market was down today. The Dow Jones is starting to break down but has continued to hold my key support level of 8500. This is something to watch. I will have full technical analysis over the weekend, Right Here.

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