Dow Jones Close 2/10/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/10/09

Dow Jones Industrial Average ( DJIA ) Close - 7888.88 Down 381.99
Nasdaq Stock Market Close - 1524.73 Down 66.83
S&P 500 Close - 827.17 Down 42.72
http://dowjonesclose.com

Libor Rates - 2/10/09

1 Month - 0.447%
3 Month - 1.222%

Commodities Closing Prices - 2/10/09

Gold - 918
Oil - 37.90
Natural Gas - 4.53

The Dow Jones Industrial Average closed at 7889 on 2/10/09, as the stock market tanked after Timothy Geithner's Bank speech shocked Wall Street. The Dow Jones Futures opened pre market weak after President Obama's national speech last night. When stocks opened at 9:30am, the Nasdaq hit 1595, and the Dow was trading around 8200.

Timothy Geithner began talking around 11:00am and the Stock Market began to sell off. They did not give us any specifics that we were looking for and the so-called bank rescue plan has us scratching our heads. Obviously, I was prepared for specifics and an actual plan, but there was no plan, just stated goals we've been hearing for months. He had plenty of time to come up with a good plan! Could it be there just isn't a solution for this banking crisis? Bank Stocks began to tank, Bank of America ( BAC ) fell 19.50%, Citigroup ( C ) fell 15%, and the morning high flier UBS gave back all of its gains. The financial bear 3x stock ( FAZ ) went up over 20% today as traders fled banking stocks. Oil fell below $38, Gold soared hitting $920 at one point.

What now? Tomorrow will be an interesting day as the sell off today was on some nice volume, maybe the biggest volume day we've seen this year. We will have to see if the 7773 Hogan Bottom holds, if not, we could be looking at testing 7500 this week for the Dow Jones. With all due respect though, the Hogan Bottom was for 2008 but it is a very important low that has continues to hold. In 2009, Art Hogan said he would have to re access the situation.

I will have full technical analysis of the stock market tonight, Right Here

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