Dow Jones Close 2/5/10 - Stock Market Closing Prices

Stock Market Closing Prices - 2/5/10

Dow Jones Industrial Average ( DJIA ) Close - 10012.23 Up 10.05
Nasdaq Stock Market Close - 2141.12 Up 15.69
S&P 500 Close - 1066.19 Up 3.08
http://dowjonesclose.com

Libor Rates - 2/5/10 - Mortgage Rates

Commodities Closing Prices - 2/5/10

Gold Close - 1067
Oil Close - 71.81
Natural Gas Close - 5.54

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The Dow Jones Industrial Average closed at 10012 on 2/5/10, as the stock market fell on more European debt fears but staged a huge snap back rally in the final two hours. The Dow Jones Futures were down around 20 points in pre market but fell as much as 160 points going into the afternoon. The S&P 500 hit 1050 support and then reversed 12 points going into the close.

The big reversal we saw this afternoon was a classic short covering rally that happens near the end of a stock market sell off. We will have to see if there is any follow through next week. Once these European debt fears go away, I think the stock market will move higher. February and March are historically two horrible months for the stock market but we usually will see a turnaround starting April 1st. After all, the start of April is the start of a new quarter for most companies.

Check out some events I will be watching for Monday.

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

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