By Tim - http://stockstobuy.org
Stock Market Closing Prices - 4/16/10
Dow Jones Industrial Average ( DJIA ) Close - 11018.66 Down 125.91
Nasdaq Stock Market Close - 2481.26 Up 34.43
S&P 500 Close - 1192.13 Down 19.54
http://dowjonesclose.com
Libor Rates - 4/16/10 - Mortgage Rates
Commodities Closing Prices - 4/16/10
Gold Close - 1136.90
Oil Close - 83.09
Natural Gas Close - 4.05
The Dow Jones Industrial Average closed at 11019 on 4/16/10, as the stock market fell sharply due to the SEC charging Goldman Sachs (GS) with fraud. The Dow Jones Futures were down about 10 points in early trading as GE and BAC reported better then expected earnings and were ready to lift the stock market. At about 10:35am EST, the Goldman Sachs new broke which send stocks falling fast. Today was also an options expiration day which didn't help the major averages. What to expect on Monday? I think we might see further weakness at the open with a bounce by mid morning barring any more negative news. I think this is an isolated issue and should effect any other companies.
Check out some stock market events I will be watching on Monday.
I will have technical analysis of the stock market over the weekend - Right Here
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