Shares rose sharply but failed to recapture steep losses in the previous session, as conflicting reports on Europe's debt crisis whipped the market around during Tuesday's final trading hour.
The Dow Jones Industrial Average, as quoted by WSJ.com, seesawed from steep losses to big gains in a volatile session before finishing up 180.05 points, or 1.6%, to 11,577.05. The rally came after the blue-chip index dropped 247 points Monday. The measure is up 6.1% this month and nearly flat for the year, off less than 0.01%.
The Standard & Poor's 500-stock index gained 24.52 points, or 2%, to 1225.38. Each of the index's 10 sectors rose, led higher by strong gains for financial and energy stocks. The technology-heavy Nasdaq Composite rose 42.51 points, or 1.6%, to 2657.43, its ninth gain in the last 11 sessions. How about Indonesia stock market today? Here are stock recommendations provided by Bisnis Indonesia.
Jakarta Composite Index (JCI) may be engulfed by further correction today and move within the range of 3,579-3,675. Several stocks to watch: STAR and UNVR.
The JCI tends to swing with lowered possibility within the range of 3,570-3,680 today.
Minna Padi Investama:
The index is estimated to stay at a support level of 3,591 today. Stocks to monitor: ASII, BBNI, and GGRM.
The JCI technically tends to move lower in the range of 3,560-3,705 today. Stocks to watch: MYOR, GGRM, UNVR, and TLKM.
Disclosure: No position at the stock mentioned above.
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