Dow Jones Close 5/7/10 - Stock Market Closing Prices

By Tim - http://stockstobuy.org

Stock Market Closing Prices - 5/7/10

Dow Jones Industrial Average ( DJIA ) Close - 10380.43 Down 139.89
Nasdaq Stock Market Close - 2265.64 Down 54
S&P 500 Close - 1110.88 Down 17.27
http://dowjonesclose.com

Libor Rates - 5/7/10 - Mortgage Rates

Commodities Closing Prices - 5/7/10

Gold Close - 1211.60
Oil Close - 75.19
Natural Gas Close - 4.00

The Dow Jones Industrial Average closed at 10380 on 5/7/10, as the stock market dropped again today. The day began with a better then expected jobs report which showed that the US gained 290,000 jobs in the month of April. The Dow Jones Futures were up 50 points in pre market but when stocks opened at 9:30am EST, it got ugly. The Dow fell about 180 points by mid morning and then rallied all the way back when President Obama spoke around 11:30am EST. By 2pm EST, the stock market went back down retesting the lows by 3:15pm EST. In the final 5 minutes, the market came back slightly.

Wall Street is anticipating some sort of aid package for Greece over the weekend. If we do not get this aid package, look for more losses on Monday. This market is excellent for trading, the wild swing bring great opportunity. Wait until you see 50-100 point declines per 15-20 seconds and then jump in. This would have worked well during the last two days. I would target a great company such as Apple (AAPL).

On a technical note, the S&P 500 must hold 1090 on the downside or we could see a fast plunge down to 1060-1070. Below that, 1040 is solid! Don't think we will get there though! This stock market is starting to offer some really nice value in the technology & energy sectors.

Check out some of the stock market events I will be watching for Monday.

I will also have technical analysis on different stock - Right Here

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