Dow Jones Close 3/4/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/4/09

Dow Jones Industrial Average ( DJIA ) Close - 6875.84 Up 149.82
Nasdaq Stock Market Close - 1353.74 Up 32.73
S&P 500 Close - 712.86 Up 16.53
http://dowjonesclose.com

Libor Rates - 3/04/09

Commodities Closing Prices - 3/4/09

Gold - 906.20
Oil - 45.28
Natural Gas - 4.34

The Dow Jones Industrial Average closed at 6876 on 3/4/09, as the stock market went up today for a change. The Dow Jones Futures opened the day higher as China came out and announced an expected stimulus package. The stock market advanced its gains through out the day and exploded higher after 2pm. Oil went back into the $45's while the price of Gold tested $900. In the final 15 minutes of trading, stocks did come off their highs. This is the 4th straight session where in the final 15 minutes we had a notable sell off.

In the final hour, CNBC's Dylan Ratigan commented that there may be a Congressional Hearing on the mark to market accounting rule on March 12, 2009 ( 3/12/09 ). If this rule was suspended temporarily, you could see a gigantic bear market rally. Click Here for all you want to to know about marked to market accounting. FAZ hit a high of $84.51 and has now lost $5 from that high. FAS, which is the financial bull 3X, has reversed from the lows and I actually took a small position in FAS on this news. Pay attention to this story because if they would suspend mark to market, you could see various bank stocks double in days.

I will have full technical analysis tonight - Right Here

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