Dow Jones Close 3/27/09 Stock Market Closing Prices

Stock Market Closing Prices - 3/27/09

Dow Jones Industrial Average ( DJIA ) Close - 7776.18 Down 148.38
Nasdaq Stock Market Close - 1545.20 Down 41.80
S&P 500 Close - 815.94 Down 16.92
http://dowjonesclose.com

Libor Rates - 3/27/09

Commodities Closing Prices - 3/27/09

Gold - 924
Oil - 52.23
Natural Gas - 3.63

The Dow Jones Industrial Average closed at 7776 on 3/27/09, as the stock market fell on profit taking and banking concerns. Profit taking hit stocks in early trading and then JP Morgan CEO and Bank of America CEO said that things are not looking as good as prior quarters. The Dow Jones Futures opened very weak and then stock market continued weaker throughout the day. Several attempts to rally failed and Citigroup ( C ) stock closed below both the 10 & 50 day moving averages. If you remember, Citi CEO Vikram Pandit started this whole rally with his profitability comments in early March. The last financial meltdown started with Citigroup breaking down. This is something to watch next week!

Next week will be a critical week. A lot of people are saying the strong buying we saw this week was due to window dressing. Window dressing is Mutual Funds buying the winners so that they show up in their quarterly statements when they are mailed at the end of the quarter. If this theory is correct, we will see a sell-off early next week. On Friday, April 3rd, we get the March jobs report. This data will be a stock market mover.

One of the best stocks today was Dryships ( DRYS ). Every major dip was bought today and the volume was heavy.

I will have full technical analysis of the stock market tonight - Right Here

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