Stock Market Closing Prices - 8/3/09
Dow Jones Industrial Average ( DJIA ) Close - 9286.56 Up 114.95
Nasdaq Stock Market Close - 2008.61 Up 30.11
S&P 500 Close - 1002.63 Up 15.15
http://dowjonesclose.com
Libor Rates - 8/3/09 - Mortgage Rates
Commodities Closing Prices - 8/3/09
Gold - 959.50
Oil - 71.58
Natural Gas - 4.01
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The Dow Jones Industrial Average closed at 9287 on 8/3/09, as the stock market exploded higher on better then expected earnings our of European banks. The Dow Jones Futures were higher overnight but faded throughout pre market trading. After a pullback right after the open, the stock market rallied and hit new highs during the afternoon. Oil prices surged above $71.50 after as the dollar weakened and the commodity plays catch up to the recent stock market rally. I expect Oil to soon be trading in the $75-$80 level.
The hottest sectors today were no doubt Basic Materials and Energy. Stocks such as Freeport-McMoRan Copper & Gold Inc. (FCX) - United States Steel Corp. (X) - Alcoa, Inc. (AA) were up huge in basic materials while Petroleo Brasileiro (PBR) - Patriot Coal Corporation (PCX) - ConocoPhillips (COP) - Schlumberger Limited (SLB) were hot in the energy sector.
On Tuesday we will receive Pending Homes Sales which could be a stock market mover! Check out some of the events I will be watching for Tuesday. I will also have technical analysis of the stock market tonight - Right Here
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