Dow Jones Close 5/18/09 - Stock Market Closing Prices

Stock Market Closing Prices - 5/18/09

Dow Jones Industrial Average ( DJIA ) Close - 8504.24 Up 235.60
Nasdaq Stock Market Close - 1732.36 Up 52.22
S&P 500 Close - 909.71 Up 26.83
http://dowjonesclose.com/

Libor Rates - 5/18/09 - Mortgage Rates

Commodities Closing Prices - 5/18/09

Gold - 919
Oil - 59.25
Natural Gas - 4.17

Discuss Stocks - www.stockstobuy.org

The Dow Jones Industrial Average closed at 8504 on 5/18/09, as the stock market exploded higher on a Bank of America upgrade as well as the India Sensex market jumping 17%. The Dow Jones Futures were weak overnight but the India news turned things around quickly. Oil was also higher on Monday, hovering just under $60 per barrel. Some of the oil stocks that I follow were significantly higher today. Keep an eye on these stocks going forward. Continental Resources, Inc. ( CLR ) - Suncor Energy Inc. (USA) ( SU ) - EOG Resources, Inc. ( EOG ), and Transocean LTD. ( RIG ) for drilling purposes.

On Tuesday we have several earnings reports and key economic data coming out that will effect the stock market. You can find this event list Right Here.

The stock market went up on low volume Monday, so we will have to see if we get any follow through tomorrow. I like to see big volume on up days like today as a sign of conviction. Things will probably start to slow down as we get into the summer months but I didn't expect the volume to die out just yet. Just look at the Nasdaq 100 ETF ( QQQQ ) - Today the stock traded just over 90 million shares where the 3 month average is over 160 million.

Check out my stocks to watch report for Tuesday. I will also have technical analysis of the stock market tonight - Right Here

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