Stock Market Closing Prices - 7/20/09
Dow Jones Industrial Average ( DJIA ) Close - 8848.15 Up 104.21
Nasdaq Stock Market Close - 1909.29 Up 22.68
S&P 500 Close - 951.13 Up 10.75
http://dowjonesclose.com
Libor Rates - 7/20/09 - Mortgage Rates
Commodities Closing Prices - 7/20/09
Gold - 950.10
Oil - 64.30
Natural Gas - 3.67
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The Dow Jones Industrial Average closed at 8848 on 7/20/09, as the stock market exploded higher after it was announced that CIT Group Inc. ( CIT ) was receiving financing. The Dow Jones Futures started the day higher but the stock market really started to surge right after 3pm today. On the S&P 500, 930-950 has been the major resistance zone which we broke late in the day and closed over which is a new high for 2009. We could be setting up for a retest of 1000 on the S&P and 9000 on the Dow Jones. Given the huge snap back rally we've seen over the past week, i'd be a seller if the S&P goes above 1000. What is a little concerning is the fact that both Citigroup Inc (C:NYSE) & Bank of America Corp ( BAC ) were down big today. Meanwhile, shares of Human Genome Sciences Inc. (HGSI) were up huge on Lupus data that was released.
The hottest sector today was Basic Materials which is up over 10% in the past five trading days. Stocks such as China Shen Zhou Mining & Resources, Inc. (SHZ) - Pacific Ethanol, Inc. (PEIX) -
Valhi Inc. (VHI) - US Gold Corporation (UXG) - Coeur d`Alene Mines Corporation (CDE) - United States Steel Corp. (X) - Silver Wheaton Corp. (SLW). Check out some of the events I will be watching for Tuesday.
Also, 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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