Dow Jones Close 6/10/09 - Stock Market Closing Prices

Stock Market Closing Prices - 6/10/09

Dow Jones Industrial Average ( DJIA ) Close - 8739.02 Down 24.04
Nasdaq Stock Market Close - 1853.08 Down 7.05
S&P 500 Close - 939.15 Down 3.29
http://dowjonesclose.com

Libor Rates - 6/10/09 - Mortgage Rates

Commodities Closing Prices - 6/10/09

Gold - 954.40
Oil - 71.22
Natural Gas - 3.71

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The Dow Jones Industrial Average closed at 8739 on 6/10/09, as the stock market went down on a weak bond offering where the Government sold 19 billion worth of 10 year treasury notes. The Dow Jones Futures started the day higher as the Chrysler/Fiat deal went through but stocks quickly sold off after the open. Oil prices surged above $71 a barrel as inflation fears and the weak dollar continue to drive commodities higher. Mortgage Rates continue to rise as the 30 year fixed is near 6% again. A month ago, the 30 year fixed was trading near 4.65%. This rise in interest rates could really hamper the bottom in the housing market.

Once again, the buyers stepped up to the plate in the late half hour of trading. The Dow Jones went from down 95 to down 24 at the close. Mutual Funds who are under invested and missed the recent 3 month rally are forced to step in and buy. For the past two weeks, the pattern has been to sell the open, buy the close. This type of action is very common in a bull market. Check out some of the events I will be watching for Tomorrow.

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

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