Stocks finished a historic month of gains on a sour note, as concerns about the plan to stave off Europe's debt woes drove a selloff.
The Dow Jones Industrial Average, as quoted by WSJ.com, shed 276.10 points, or 2.3%, to 11955.01. All of the Dow's 30 components fell on Monday. Despite the losses, the blue-chip measure finished October up 9.5%, its third-biggest monthly percentage gain in its 115-year history.
The Standard & Poor's 500-stock index slid 31.78 points, or 2.5%, to 1253.31, led lower by energy, material and financial stocks. October is the first month the index has gone without two consecutive days of declines since October 2006. The technology-oriented Nasdaq Composite dipped 52.74 points, or 1.9%, to 2684.41.How about Indonesia stock market today? Here are stock recommendations provided by Bisnis Indonesia today:
Jakarta Composite Index (JCI) may move slide line with a potential limited decrease. The index is estimated to move within the range of 3,745-3,820.
Today, the JCI may further drop and will move within the range of 3,735-3,836. Several stocks to watch: UNVR and MEDC.
Minna Padi Investama:
The JCI mau move within the range of 3,706-3,822. Banking and mining stocks may boost the index rebound today. BBRI, TLKM, and PTBA should be watched.
The index technically decrease within the range of 3,720-3,826. Several stocks to watch: MYOR, BBCA, HEXA, and MEDC.
Disclosure: No position at the stock mentioned above.
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