Dow Jones Close 11/24/08 - Stock Market Closing Prices

Stock Market Closing Prices - 11/24/08 - http://dowjonesclose.com


Dow Jones Industrial Average ( DJIA ) Close - 8443.39 Up 397
Nasdaq Stock Market Close - 1472.02 Up 87.67
S&P 500 Close - 852 Up 52

Libor Rates - 11/24/08

1 Month - 1.41%
3 Month - 2.17%

Commodities Closing Prices - 11/24/08

Gold - 828
Oil - 54.50
Natural Gas - 6.89

The Dow Jones Industrial Average closed at 8443 on 11/24/08, as investors cheered the Citigroup Rescue package that was agreed upon today. It appears our Government will not let any big bank fail. Citigroup ( C ) stock went up over 50% and Goldman Sachs ( GS ) finally attracted buyers with their stock going up over 28%. This is the first time in awhile that the financials have been strong. Google ( GOOG ) was the only real laggard today as a firm cut Google to sell citing that the weak economy could cut into their earnings. REALLY? I think this news is overdone and the stock is severely oversold. Maybe one day these analysts will issue sell ratings at the top rather then the bottom. I took a shot on MercadoLibre ( MELI ) today into this strength but my stop order is super tight. So far my MELI long trade is working great!

The Stock Market looks great today, rallying for the second straight day....Art Hogan's bottom call might end up being correct. The QQQQ broke through major resistance at $27.80 during the afternoon hours. Next resistance is $28.80...if we close above this you could see a test of $30.25 once again.

The Dow Jones is testing the 8500 level I talked about over the weekend....the key was taking out 8175-8190 area. The Dow Jones is also closing over its 10 day moving average for the first time since the Barack Obama election rally. This is very bullish. I will have full Dow Jones Technical Analysis HERE later today.

Today's Biggest Gainers - November 24th, 2008

For more Stock Market Updates, visit, http://daytradingstockblog.blogspot.com/