Stocks rose Monday, pushing the Nasdaq Composite into positive territory for the year and the Standard & Poor's 500-stock index to the cusp of it.
The Dow Jones Industrial Average, as quoted by WSJ.com, advanced 104.83 points, or 0.9%, to 11,913.62 yesterday, led by Caterpillar, which jumped 5% after posting a strong earnings report that helped set the session's positive tone.
The action built on a four-week winning streak that has been the blue-chip index's longest weekly string of gains since January. The Standard & Poor's 500-stock index added 15.94 points, or 1.3%, to 1,254.19, finishing 0.3% below break-even for 2011. The Nasdaq Composite surged 61.98 points, or 2.3%, to 2,699.44, pushing up the technology-heavy index up 1.8% for the year. How about Indonesia stock market today? Here are stock recommendations as quoted by Bisnis Indonesia today.
Jakarta Composite Index (JCI) today may continue its gain within the range of 3,622-3,751. Yesterday, the JCI rose 2,38% yesterday to 3,706.78.
Today, the JCI is estimated to continue its gain with a short term target of 3,722. The movement will provide a push for the index to rise.
Disclosure: No position at the stock mentioned above.
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