Market Watch 11/27/2009

Stock Market Closing Prices - 11/27/09

Dow Jones Industrial Average ( DJIA ) Close - 10309.92 -154.46
Nasdaq Stock Market Close - 2138.44 -37.61
S&P 500 Close - 1091.49 -19.14

Commodities Closing Prices - 11/27/09

Gold Close - 1176
Oil Close - 76.14
Natural Gas Close - 5.27

On Wall Street, it was a blue day on Black Friday – the big shopping day after Thanksgiving – with the Dow Jones Industrial Average tumbling 154 points to close at 10309.92.
Instead of buying stocks, traders sold them as they tried to come to terms with news that Dubai World, a huge conglomerate, was asking lenders to give it some breathing room on paying the interest on about $60 billion in debt.

If anything, the Dubai news reminded optimistic investors that financial problems continue in the wake of the economic turmoil of the past two years.

Next week the Dubai fears might be pushed aside and the market will focus on the Employment report as well as Sales from Good Friday.