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Stock Market Closing Report - 12/8/20 December 8, 2020

Tuesday, March 31, 2009

Dow Jones Close 3/31/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/31/09

Dow Jones Industrial Average ( DJIA ) Close - 7608.92 Up 86.90
Nasdaq Stock Market Close - 1528.59 Up 26.79
S&P 500 Close - 797.83 Up 10.30
http://dowjonesclose.com

Libor Rates - 3/31/09

Commodities Closing Prices - 3/31/09

Gold - 922.60
Oil - 49.10
Natural Gas - 3.78

The Dow Jones Industrial Average closed at 7601 on 3/31/09, as the stock market appears to have accepted the fact that General Motors ( GM ) and Chrysler will most likely go bankrupt.
The Dow Jones Futures were up this morning after Alcoa ( AA ) was upgraded by Deutsche Bank on takeover speculation. Stock market volume was very light today, even lighter then yesterdays sell-off. Stocks climbed steadily throughout the day as we close the books on the 1st quarter of 2009. However, gains were cut in half after the final 30 minutes of trading. It will be interesting to see if there is further profit taking this week due to the recent end of the quarter buying.

The Dow Jones, Nasdaq, and S&P 500 are back above the 50 day moving average, a very bullish sign going forward. I still expect more downside but I think we will probably start trending sideways for awhile. I can see the Dow trading between 7500-8000 for the next few weeks before the next major move. For a list of stocks to watch tomorrow, check out my Stocks to Buy page.

Doctor Doom, Nouriel Roubini was on CNBC this morning. He basically took away the Great Depression II scenario but still thinks the stocks market will retest the lows later this year.

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