Dow Jones Close 3/16/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/16/09

Dow Jones Industrial Average ( DJIA ) Close - 7216.97 Down 7.01
Nasdaq Stock Market Close - 1404.02 Down 27.48
S&P 500 Close - 753.89 Down 2.66
http://dowjonesclose.com

Libor Rates - 3/16/09

Commodities Closing Prices - 3/16/09

Gold - 925
Oil - 47.06
Natural Gas - 3.85

The Dow Jones Industrial Average closed at 7217 on 3/16/09, as the stock market exploded higher in the morning but was weak in the last hour of trading. The financial stocks led the way in the morning but gave back the majority of their gains in late trading. The Dow Jones Futures opened the day strong after Barclays ( BCS ) said they are having a great quarter. The Nasdaq was very weak today as profit taking came into the market. One of the hottest stocks today was Citigroup ( C ) which at one point was trading at $2.68 per share. General Electric ( GE ) hit a high of $10.36 in early trading but then gave back all gains at about 3:45pm.

Financial Bull 3X ( FAS ) hit $5.90 but then hit a new daily low right after 3pm and went on to test $5.00 per share. This is very concerning to me and could be a sign that this stock market run is over for now. This was a huge reversal! Financial Bear 3X ( FAZ ) is now a stock worth watching. If FAS breaks $4.59 which was the low on Friday, things could get ugly!

Tomorrow the Federal Reserve will kick off a two day meeting. In the morning we will get Economic Data such as Building Permits, PPI, Core PPI, and Housing Starts.

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

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