Stocks finished with strong gains amid optimism about plans to recapitalize euro-zone banks. The Dow Jones Industrial Average, as reported by Wall Street Journal, advanced 102.55 points, or 0.9%, at 11,518.85.
The Standard & Poor's 500-stock index climbed 11.71 points, or 1%, to 1,207.25, and the Nasdaq Composite advanced 21.70 points, or 0.8%, to 2,604.73. With the gains, the Dow is up 5.6% this month, the fifth-best start to October since 1,900, and is down just 0.5% on the year. During Wednesday's session, the Dow rose 209 points, putting it into positive territory for the year, before dropping in the final hour. How about Indonesia market today?
Today, Jakarta Composite Index (JCI) is estimated to move mixed within the range of 3,579-3,673. The indicator has shown overbought and be careful on profit taking. Several stocks to watch: TINS, ANTM, and BUMI.
Technically, the JCI tends to move within the range of 3,590-3,690 today. Several stocks to watch: UNTR, BJBR, JPFA, and BSDE.
Minna Padi Investama:
The index is estimated to move in the range of 3,591-3,706 today. Massive capital inflow may bring index to rise. Several stocks to monitor: BDMN, PGAS, and PTBA.
The index tends to move within the range of 3,593-3,659 today. Yesterday, the index continued its gain, underpinned by domestic's economic fundamental.
Disclosure: No position at the stock mentioned above.
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