Stock Market Closing Prices - 7/15/09
Dow Jones Industrial Average ( DJIA ) Close - 8616.21 Up 256.72
Nasdaq Stock Market Close - 1862.90 Up 63.17
S&P 500 Close - 932.68 Up 26.84
http://dowjonesclose.com
Libor Rates - 7/15/09 - Mortgage Rates
Commodities Closing Prices - 7/15/09
Gold - 940.70
Oil - 61.82
Natural Gas - 3.32
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The Dow Jones Industrial Average closed at 8616 on 7/15/09, as the stock market surged on a blowout earnings report by Intel Corporation ( INTC ). The Dow Jones Futures jumped last night and were up higher going into pre market trading. Right after the open, the stock market surged and the Dow broke up above the 50 day moving average. Stocks stalled out around lunch time but then has another surge after 1:30pm.
Today's rally was very broad with the best sector being the basic materials. Stock such as United States Steel Corp. (X) - Alcoa, Inc. (AA) - Freeport-McMoRan Copper & Gold Inc. (FCX) - Potash Corp. of Saskatchewan, Inc. (POT) showed strong gains in the sector.
Earnings have been the reason for the rally we are seeing this week. There are a lot of short sellers caught and if earnings keep coming out better then expected, the market will keep moving higher ( but not 250 points per day ). Keep an eye on earnings from JPM, IBM, and GOOG tomorrow. Check out some of the events I will be watching for Thursday.
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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