Dow Jones Close 9/1/09 - Stock Market Closing Prices

Stock Market Closing Prices - 9/1/09

Dow Jones Industrial Average ( DJIA ) Close - 9310.60 Down 185.68
Nasdaq Stock Market Close - 1968.89 Down 40.17
S&P 500 Close - 998.04 Down 22.58
http://dowjonesclose.com

Libor Rates - 9/1/09 - Mortgage Rates

Commodities Closing Prices - 9/1/09

Gold - 956.80
Oil - 68.21
Natural Gas - 2.82

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The Dow Jones Industrial Average closed at 9311 on 9/1/09, as the stock market started the worst historical month of the year on a down note. The Dow Jones Futures started the day lower but the stock market bounced after a better then expected ISM report. I feel the main cause of today's sell off was money coming out of some of the speculative financials. AIG broke support of $40 around 10:45am and began to spiral downward. FRE, FNM, C, BAC stocks all followed AIG and then Wall Street began to take notice and pullback in a major way.

The Dow Jones closed below the 10 day moving average but still remains in an uptrend. The next major support level I see for the Dow is 9100 down to 9000. A close below 9000 at any point would be bearish and i'd expect a bigger pullback.

If we do get a bounce tomorrow, I will be watching to see if the Dow Jones can break back up through and hold today's afternoon resistance at 9355-9360. Check out some of the events I will be watching for Wednesday. If you are trading, check out my stocks to watch report for tomorrow.

I will also have technical analysis of the stock market tonight - Right Here

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