Dow Jones Close 3/6/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/6/09

Dow Jones Industrial Average ( DJIA ) Close - 6626.94 Up 32.50
Nasdaq Stock Market Close - 1293.85 Down 5.74
S&P 500 Close - 683.38 Up 0.83
http://dowjonesclose.com

Libor Rates - 3/6/09

Commodities Closing Prices - 3/6/09

Gold - 940
Oil - 45.45
Natural Gas - 3.94

The Dow Jones Industrial Average closed at 6627 on 3/6/09, as the stock market fell yet again after a bad jobs report. The Dow Jones Futures started the day in the green and up 125 after the open. From 10am on, it was all downhill. The Nasdaq broke through the prior 52 week low of 1295.48 and this caused selling in most of the tech stocks today. Apple ( AAPL ) broke $85 and hit a low of $82.33, Google ( GOOG ) broke through $300 and hit a low of $294, and Research in Motion ( RIMM ) broke through $36. Key Dow components such as GM and JP Morgan tanked today as well. General Motors ( GM ) broke $1.50 and hit a low of $1.27. This has been the worst week for the stock market in 2009 so far.

So, having said all of that, The Dow Jones rallied in the last 15 minutes of trading to get back in the green. When it looked the worst at about 2:30pm, things have really turned around nicely! For the past week and a half we have sold off in the last 15 minutes, today, we rallied! Very interesting!

Jim Cramer came on CNBC in the afternoon and said he can only see the Dow going to 5320 on the worst case scenario. Cramer said this would have most of the Dow components cutting dividends.

Dow Jones 5320 Examples: Exxon Mobile XOM going to $56, Alcoa ( AA ) going to $2, JP Morgan ( JPM ) going to $5. Jim says he spend the whole day looking into this and doing research and he can't see the Dow going lower then 5320.

It seems like nobody is bullish on the stock market these days so is this a huge sign the stock market is ready to rally? Art Cashin, floor trader on the NYSE, says it might take an event to cause the capitulation selling which could put in a bottom. I personally think we are right in the bounce zone of 6300-6500 on the Dow Jones. We will rally when people least expect it.

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

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