Dow Jones Close 6/4/10 - Stock Market Closing Prices

By Tim - http://stockstobuy.org

Stock Market Closing Prices - 6/4/10

Dow Jones Industrial Average ( DJIA ) Close - 9931.97 Down 323.31
Nasdaq Stock Market Close - 2219.17 Down 83.86
S&P 500 Close - 1064.88 Down 37.95
http://dowjonesclose.com

Libor Rates - 6/4/10 - Mortgage Rates

Commodities Closing Prices - 6/4/10

Gold Close - 1220
Oil Close - 71.14
Natural Gas Close - 4.79

The Dow Jones Industrial Average closed at 9932 on 6/4/10, as the stock market tanked on a worse then expected jobs report. While the US gained 440,000 jobs in the month of May, most of those jobs were census worker hires.

The morning began with the Dow Jones Futures up around 30 points but then several rumors surfaced that caused the future to reverse lower. From the country of Hungry being in default to Société Générale possibly having a huge derivatives loss caused stock to decline leading up to the jobs report. At 8:30am EST, we received the jobs report and the Dow Jones Futures were down around 180-200. Late in the trading day, the Dow Jones took another leg lower as investors did not want to hold stocks going into the weekend.

The S&P 500 has support located at 1045-1046, a close below this level and I think we will see a test of 1000. Volatility came back in a big way Friday and I expect next week to be even more volatile.

Check out the stock market events I will be watching on Monday. If you are into trading stocks, check out my stocks to watch report for tomorrow.

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

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