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Friday, December 12, 2008

Dow Jones Close 12/12/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/12/08

Dow Jones Industrial Average ( DJIA ) Close - 8629.68 Up 63.96
Nasdaq Stock Market Close - 1540.72 Up 32.84
S&P 500 Close - 879.74 Up 6.15

Libor Rates - 12/12/08

1 Month - 1.04%
3 Month - 1.921%

Commodities Closing Prices - 12/12/08

Gold - 820.50
Oil - 46.69
Natural Gas - 5.56

The Dow Jones Industrial Average closed at on 8629 12/12/08, as we got horrible auto bailout news last night which pushed the stock market futures down in a big way this morning. The Dow Jones bounced off of 8150 in pre market trading this morning and it will all up hill from there. This is the second straight Friday where the stock market has gone up on bad news, a very positive sign. The Nasdaq was the strongest market today as Tech Stocks rallied the most. I love the Nasaq over 1500 and the Dow Jones over 8500 so as long as they stay over those two levels, they will be fine. The bailout is still not a done deal and the White House has yet to act. Many think the money will come from the TARP program. Next week will be a busy week! We have the Fed Meeting as well as Goldman Sachs ( GS ) earnings December 16th. I will have full technical analysis of the markets over the weekend Right Here.

Todays Biggest Stock Gainers
Top 2008 Stock Gainers

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Dow Jones Open 12/12/08 - Stock Market

Today, 12/12/08, the Stock Market and Dow Jones have come off their lows as the White House put out a statement saying they are prepared to step in and help the automakers. The Dow Jones Futures were down around 300 this morning but we have gone up 200 points from the low. The Dow is testing key resistance that was support of 8500. We'll see where we close today but make sure you keep an eye on the GMAC decision for later today.

Stock Market Opening Prices December 12, 2008 10:00am

Dow Jones Open - Down 81
Nasdaq Open - Up 4
S&P 500 Open - Down 7

Today's Biggest Gainers 12/12/08

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Hogan Bottom 12/12/08 - Art Hogan CNBC

Art Hogan came on CNBC 12/12/08 and gave some comments on his opinion on the stock market right now. Art Hogan is famous for the " Hogan Bottom " which he cam on CNBC October 10th and called the bottom. It has only been violated one day in which we closed above it. Click Here for previous Art Hogan comments.

When you look at what has happened today, there are two stories, the Madoff story and the auto bailout story. The best possible scenario would be to use the tarp funds...the timing is key, would like to see White House come out today and say they will be doing something. You don't want to put a band aid on this and leave it for the next administration.

I think you remain defensive in this market, buy health care, consumer staples like Clorox ( CLX ) that will help you ride out the next few quarters which are going to be ugly.

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General Motors GM - Ford F - 12/12/08 - Stock Report

Today, December 12, 2008, General Motors ( GM ) and Ford ( F ) stocks are hurting as the auto bailout failed in the Senate last night. As you can see below, both stocks are under extreme pressure as well as the Stock Market Futures. We should hear soon from the White House whether or not they will use TARP money to hold these companies ( along with Chrysler ) over for the next few months or face bankruptcy. Bankruptcy would cause over 2 million people to lose their jobs adding pressure to the unemployment in America. Most think President Bush will not let this happen. Stay Tuned......

Stock Quotes 12/12/08

Ford ( F ) Pre Market - $2.53
General Motors ( GM ) Pre Market - $3.18
Ford ( F ) Open - $2.73
General Motors ( GM ) Open - $3.45
Ford ( F ) Close - $3.03
General Motors ( GM ) Close - $3.91

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1 and 3 Month Libor Rates - 12/12/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/12/08, are: 1 Month Libor Rate - 1.04% & 3 Month Libor Rate - 1.921%. The overnight Libor rate is .119%. As you can see, Libor Rates have changed today, December 12, 2008, both 30 day and 90 Libor Rates have gone down but overnight ticked up slightly.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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