Dow Jones Close 6/1/09 - Stock Market Closing Prices

Stock Market Closing Prices - 6/1/09

Dow Jones Industrial Average ( DJIA ) Close - 8721.44 Up 221.11
Nasdaq Stock Market Close - 1828.68 Up 54.35
S&P 500 Close - 942.87 Up 23.73
http://dowjonesclose.com

Libor Rates - 6/1/09 - Mortgage Rates

Commodities Closing Prices - 6/1/09

Gold - 976.80
Oil - 68.25
Natural Gas - 4.25

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The Dow Jones Industrial Average closed at 8721 on 6/1/09, as the stock market exploded higher on a General Motors ( GM ) bankruptcy and better then expected economic data such as construction spending. The Dow Jones Futures opened up higher in pre market and as the economic data trickled out during the morning hours, the stock market went even higher.

The S&P 500 closed over the 200 day moving average for the first time in over a year and the Dow Jones is now in the process of testing It's 200 day moving average. While some Wall Street traders still refer to this run-up as a bear market rally, you cannot ignore the technical signals the stock market is telling us. If GM would have went bankrupt last fall or the start of 2009, the Dow Jones would have been down 800 points in one day. The market is clearly looking past this event and clinging on to signs of a recovery.

The S&P 500 now has support at 930 and 900 while the Dow Jones has support at 8600 and 8500. Check out some of the events I will be watching for Tuesday.

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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