Dow Jones Close 2/12/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/12/09

Dow Jones Industrial Average ( DJIA ) Close - 7932.76 Down 6.77
Nasdaq Stock Market Close - 1541.71 Up 11.21
S&P 500 Close - 835.19 Up 1.45
http://dowjonesclose.com

Libor Rates - 2/12/09

1 Month - 0.445%
3 Month - 1.234%

Commodities Closing Prices - 2/12/09

Gold - 950.80
Oil - 33.73
Natural Gas - 4.50

The Dow Jones Industrial Average closed at 7933 on 2/12/09, as the stock market fell because of a hang over from Timothy Geithner's failed bank rescue plan which was released on Tuesday. The Dow Jones Futures started the day very weak and was down over 220 points by 3pm today. News was released at 3pm by Reuters stating that Obama is looking into a Housing Plan that would subsidize the mortgage payment of a US home owner after the new home value is set. Details are still unclear but this news has the market reversing off the lows today. Hogan's Bottom low of 7773 was broken intra day but we managed to close over this level. It appears the shorts covered at the close causing the stock market to rebound all the way back!

Stocks on the move today: Palm ( PALM ) was very strong today and it is breaking out to a new 52 week high as well as a new 1 1/2 year high. PALM looks poised to rip into the $10's as their new smart phone is coming. Palm is one of the hottest stocks in 2009 so far.

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

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