Stock Market January-2 2009

S&P futures vs fair value: +1.90. Nasdaq futures vs fair value: +4.50. The major indices are positioned to start the first trading session of 2009 flat-to-modestly higher, according to stock futures. Energy is expected to be an early laggard as crude oil futures run into selling pressure. Losses in crude prices are being pared, however. Oil has rallied roughly $2 per barrel in the last half hour to trade 1% lower at $44 per barrel.
Close
DJIA 9,034.69 258.30 2.94%
NASDAQ 1,632.21 55.18 3.50%
S&P 500 931.80 28.55 3.16%
10yr Note 111.969 -1.2188 1.08%

Gold 879.50 -4.80 0.54%

The Dow Jones rose 2.9% (258 points) to end the first session of 2009 at 9,034; the S&P 500 climbed 3.1% (28 points) to finish at 931; the Nasdaq closed even higher — 3.5% — at 1,632; and the Russell 2000 small-cap stocks inched up just 1.3% to 506.

Elsewhere, General Motors advanced 14.1 per cent to $3.65 after the car group received the first $4bn in aid from the US Treasury that is designed to stave off the collapse of the industry.