Stock Market Closing Prices - 9/29/09
Dow Jones Industrial Average ( DJIA ) Close - 9742.20 Down 47.18
Nasdaq Stock Market Close - 2124.04 Down 6.70
S&P 500 Close - 1060.61 Down 2.37
http://dowjonesclose.com
Libor Rates - 9/29/09 - Mortgage Rates
Commodities Closing Prices - 9/29/09
Gold - 993.60
Oil - 66.66
Natural Gas - 4.86 - New Contract
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The Dow Jones Industrial Average closed at 9742 on 9/29/09, as the stock market sold off after a worse the expected consumer confidence report. The Dow Jones Futures began the day down slightly lower but the stock market opened up higher to start the trading day. At 10am EST, the consumer confidence report was released and stock began to sell off. Several rally attempts failed throughout the day and the stock market ended lower.
Tomorrow is the last day of the quarter so I would expect typical window dressing to take hold all day. Fund managers that missed key winning stocks will add them to their portfolio to show their clients they own the companies. Since the Dow is up around 16% this quarter, I would expect some nice buying to come into the stock market tomorrow.
In other stock news, shares Starbucks Corp. (SBUX) were down slightly despite the company leaping into the 21 billion dollar instant coffee market.
Check out some of the events I will be watching for Wednesday. If you are a stock trader, check out my stocks to watch report for tomorrow.
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