Dow Jones Close 12/15/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/15/08

Dow Jones Industrial Average ( DJIA ) Close - 8564.53 Down 65.15
Nasdaq Stock Market Close - 1508.34 Down 32.38
S&P 500 Close - 868.62 Down 11.11
NYSE Close - 5499.53 Down 44.43
http://dowjonesclose.com

Libor Rates - 12/15/08

1 Month - 0.961%
3 Month - 1.871%

Commodities Closing Prices - 12/15/08

Gold - 839
Oil - 44.88
Natural Gas - 5.65

The Dow Jones Industrial Average closed at 8565 on 12/15/08, as the stock market was weak pretty much all day with the exception of the final half hour. The Dow Jones was down 150 at about 3:20pm and came back to near even by 3:40pm. I will note however, the volume has been very light all day. Wall Street is waiting for the Fed Rate Cut Decision due out tomorrow at 2:15pm. I expect the stock market to have a big move off of these results. Wall Street is also bracing for Goldman Sachs ( GS ) tomorrow morning and Morgan Stanley ( MS ) earnings Dec 17th. I will have technical analysis of the markets tonight, Right Here.

Today's Biggest Stock Market Gainers

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Dow Jones Open 12/15/08 - Stock Market

This morning, 12/15/08, the Dow Jones and Stock Market's are opening lower. This is mainly just a little backing and filling from Friday's recovery. Traders are waiting for news out of the White House this week on what they are going to do with GM and Ford. The Federal Reserve is also expected to cut rates and energy traders are waiting to see what the OPEC meeting brings. Apple ( AAPL ) appears to be leading the Nasdaq down as Goldman Sachs ( GS ) has come out and downgraded with company. Other big movers are the Casino Stocks. From a Technical Analysis point of view, as long as the Dow Jones stays over 8500 and the Nasdaq stays over 1500, I like them both on the long side.

Stock Market Opening Prices December 15, 2008

Dow Jones Open - Down 59
Nasdaq Open - Down 22
S&P 500 Open - Down 8

Today's Biggest Gainers

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MGM Sells Treasure Island - MGM, LVS Up Pre Market

The Casino Stocks are ripping higher this morning, 12/15/08, as MGM Mirage is selling Treasure Island Casino to Phil Ruffin. This news is causing many of the Casino Stocks to trade up in pre market. MGM is up 23%, Las Vegas Sands ( LVS ) is up 13%. Keep these two stocks on your radars today.

MGM MIRAGE (MGM) and Ruffin Acquisition, LLC today announced that they have entered into an agreement whereby MGM MIRAGE, through its wholly-owned subsidiary The Mirage Casino-Hotel, will sell Treasure Island Hotel & Casino ("TI") to Ruffin Acquisition, LLC for $775 million. Ruffin Acquisition, LLC is wholly owned by Phil Ruffin.

The purchase price is to be paid at closing as follows: $500 million in cash and $275 million in secured notes bearing interest at 10%, with $100 million payable not later than 175 days after closing and $175 million payable not later than 24 months after closing. The notes, to be issued by Ruffin Acquisition, LLC, will be secured by the assets of TI and will be senior to any other financing.

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Apple AAPL Downgraded 12/15/08 Goldman Sachs

Apple Computer ( AAPL ) has been downgraded today, December 15, 2008, by Goldman Sachs to Neutral from Buy. Weak consumer spending in the short term, and risk of the stock's valuation premium coming down if iPhone sales fall short of expectations in the first half of 2009. Goldman Sachs also removed Apple from Americas Buy List.

"Shipments of MacBooks, iPod nanos, and iPhone were all slightly lower than what was expected going into the (December) quarter," analyst David Bailey wrote in a note to its clients.


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1 and 3 Month Libor Rates - 12/15/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/15/08, are: 1 Month Libor Rate - .961% & 3 Month Libor Rate - 1.871%. The overnight Libor rate is .119%. As you can see, Libor Rates have changed today, December 15, 2008. Both 30 and 90 day Libor ticked down but the overnight stayed the same.

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

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Dow Jones Futures 12/15/08 - Stock Market

The Dow Jones and Stock Market Futures are pointed higher this morning, 12/15/08, as we have one more busy week ahead before things start to calm down for Holiday's. This week we have Goldman Sachs ( GS ) earnings as well as Morgan Stanley ( MS ). We also have a interest rate cut coming from the FOMC on Tuesday. All eyes continue to be on what happens with the auto bailout. The White House appears to be taking their good old time.

Stock Market Futures December 15, 2008

Dow Jones Futures - Up 84
Nasdaq Futures - Up 9.75
S&P 500 Futures - Up 9.50

Today's Biggest Gainers

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Dow Jones Analysis 12/15/08 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/14/08, 12/15/08

Dow Jones Support & Resistance Levels - December 15, 2008

Resistance Levels: 8750, 9000, 9026.41

Support Levels: 8500, 8350, 8150

http://stockcharts.com - Chart

The Dow Jones continues to trade over 8500 despite attempted sell offs, very bullish! The Dow also continues to trade over the 10 day moving average. We hit 8150 in pre market futures and went up from there...this has been solid support for the Dow Jones. We now have support at 8500, 8350, and 8150 in which 8150 is very solid. 8150 has held four times in the past two weeks. It seems the Dow Jones is forming a nice base in the mid 8000's. Resistance: There are two strong resistance points, the 50 day moving average ( Red Line ) and 9000. If we can close over the 50 day moving average I think the Dow can break out of this range and start a new uptrend in a bear market in which 9650 could be tested.

More Technical Analysis - Go HERE

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