Dow Jones Close 7/16/09 - Stock Market Closing Prices

Stock Market Closing Prices - 7/16/09

Dow Jones Industrial Average ( DJIA ) Close - 8711.82 Up 95.61
Nasdaq Stock Market Close - 1885.03 Up 22.13
S&P 500 Close - 940.74 Up 8.06
http://dowjonesclose.com

Libor Rates - 7/16/09 - Mortgage Rates

Commodities Closing Prices - 7/16/09

Gold - 937
Oil - 62.06
Natural Gas - 3.64

Discuss Stocks - www.stockstobuy.org

The Dow Jones Industrial Average closed at 8712 on 7/16/09, as the stock market exploded higher once again on better then expected earnings out of JPMorgan Chase & Co. (NYSE:JPM) as well as Nouriel Roubini " Dr. Doom " out stating that the worst of the recession is now OVER and the recession could be over by the end of the year. This may be the first bullish statement out from Roubini and the stock market exploded higher after the headline crossed. The Dow Jones Futures started the day mixed and the stock market was flat to down most of the day but surged on the Nouriel Roubini comment right after 1pm EST. Key resistance levels would be S&P 500 at 950 and The Dow Jones testing 8878.

Nouriel Roubini was out in afterhours stating that his words were taken out of context by several news outlets. Roubini states that nothing has changed as far as his forecast.

Tonight we will have earnings out of International Business Machines Corp. ( NYSE:IBM) and Google Inc ( NASDAQ:GOOG). I expect IBM to do well but am not sure about Google. We will also get earnings tomorrow out of GE, BAC, and Citigroup.

Today's hottest sector was Transportation. Stocks such as FedEx Corporation (FDX) - United Parcel Service, Inc. (UPS) and Greenbrier Companies (GBX) were on fire!

The 2nd best sector was Capital Goods. Stocks such as Smith & Wesson Holding Corp. (SWHC) - Esterline Technologies Corp. (ESL) and China Yuchai International Limited (CYD) were bright spots in that sector.

Check out some of the events I will be watching for Friday.

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

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