Dow Jones Close 3/9/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/9/09

Dow Jones Industrial Average ( DJIA ) Close - 6547.05 Down 79.89
Nasdaq Stock Market Close - 1268.64 Down 25.21
S&P 500 Close - 676.52 Down 6.86
http://dowjonesclose.com

Libor Rates - 3/9/09

Commodities Closing Prices - 3/9/09

Gold - 922
Oil - 47.10
Natural Gas - 3.85

The Dow Jones Industrial Average ( DJI ) closed at 6547 on 3/9/09, as the stock market went on another roller coaster ride today. The Dow Jones Futures started the day on a down note but right after the open stocks soared as the bank stocks took off higher. Wells Fargo ( WFC ) went over $10 and Bank of America hit $3.75 after Warren Buffett made some bullish comments on Wells Fargo during a CNBC interview. Also in pre market, shares of Stem Cell Companies went up significantly due to President Obama reversing the restriction on stem cell research. All of the Stem Cell Stocks opened up higher but sold off throughout the day. On a positive note, Dryships ( DRYS ) is breaking out above $4 per share. This is a technical break out but earnings have yet to be released so I am wary.

Oil prices were strong today, March 9th, as there may be another OPEC cut coming this weekend. The price of Oil closed on the Nymex at $47.10. Gold prices went the opposite way as it appears another retest of $900 is right around the corner.

Wall Street still has the flu! Every stock rally we get is sold and we end up going lower. Art Cashin, floor trader on the NYSE, says we are close to a capitulation move in which we could get a reversal upward. Art says he would like to see a big down day tomorrow followed by a sharp rebound. I continue to look for that capitulation move where people give up causing prices to go sharply lower. This is what we need in order for declare a stock market bottom for 2009. Support for the Dow Jones is currently at 6300 and on the Nasdaq I am watching 1253.

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

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