Dow Jones Close 7/9/09 - Stock Market Closing Prices

Stock Market Closing Prices - 7/9/09

Dow Jones Industrial Average ( DJIA ) Close - 8183.17 Up 4.76
Nasdaq Stock Market Close - 1752.55 Up 5.38
S&P 500 Close - 882.68 Up 3.12
http://dowjonesclose.com

Libor Rates - 7/9/09 - Mortgage Rates

Commodities Closing Prices - 7/9/09

Gold - 911.80
Oil - 60.42
Natural Gas - 3.41

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The Dow Jones Industrial Average closed at 8183 on 7/9/09, as the stock market initially went up on a better then expected initial claims figure but fell apart late in the trading day. The Dow Jones Futures opened the morning higher and spiked more after the initial jobless claims data was released. The data shows a drop in initial claims to 565,000 last week. While the drop is viewed positive, we had a holiday week that most likely tainted the data. If we have the same or better data over the next two weeks, the green shoots theory would return.

The Dow Jones did well today which was partly due to IBM stock being up $2. Basic Materials and the Energy sector did the best today. Stocks like Potash Corp. of Saskatchewan (NYSE: POT) , Freeport-McMoRan Copper & Gold Inc. (FCX) , and Haynes International Inc. (HAYN) were the bright spots in the basic materials sector while ConocoPhillips (COP) and Petroleo Brasileiro (PBR) rebounded for the energy sector.

The red flag stock today was American International Group, Inc. (AIG) which plunged under $10, down almost 29%. There's a significant chance that American International Group Inc.'s (AIG) equity may be worthless, a Citigroup analyst said Thursday. If AIG continues to tank, it might really spook the market. If I was an investor or active trader, AIG would be on the top of my watch list followed by Citigroup ( C ) as a gauge. 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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