Stocks rose for the third time in four days, helped by late-session reports that detailed some of the options for Europe's bailout fund.
The Dow Jones Industrial Average, as quoted by WSJ.com, finished up 85.15 points, or 0.7%, to 12068.39, after falling more than 100 points midsession. The Standard & Poor's 500-stock index added 7.89 points, or 0.6%, to 1261.12. The gains were enough to move the broad market measure back into the black for 2011, now up 0.3% year to date. The Nasdaq Composite rose 9.10 points, or 0.3%, to 2695.25.
Stocks were pushed and pulled Monday by a handful of political developments across the Atlantic, with worries over Italy's fiscal health and word of France's new austerity plan driving U.S. stocks lower early in the session.
But the loss evaporated in light afternoon trading after reports that the euro area's rescue plan may be designed to include external capital sources via an investment fund that would buy sovereign bonds in the primary and secondary markets. How about Indonesia stock market today? Bisnis Indonesia provides recommendations from several brokerages:
Jakarta Composite Index (JCI) today may face correction and move within the range of 3,702-3,821. Several stocks to watch: AALI, BSDE, and BBRI.
Minna Padi Investama:
The JCI may move sideways within the range of 3,718-3,837. Several stocks to watch: BMRI, ADRO, and HRUM.
The index today may fluctuate with lowered possibility. The JCI may move within the range of 3,700-3,789.
Technically, the index may move in mixed position within the range of 3,750-3,820. Several stocks to watch: UNTR, SMGR, BWPT, and BSDE.
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