Stocks rose as hopes of an improving labor market and clarification about France's credit rating buoyed investor sentiment.
The Dow Jones Industrial Average, as quoted by WSJ.com, finished up 112.85 points, or 1%, to 11,893.79, after gaining as much as 180 points. Cisco Systems led the index higher, rising $1, or 5.7%, to US$18.61. The networking company's upbeat outlook offered signs that its turnaround effort may be working.
All but two of the Dow's 30 components rose; Bank of America and American Express were the lone decliners. A glitch at the New York Stock Exchange caused problems with some trades and resulted in slight revisions to the Dow's final closing figures.
The Standard & Poor's 500-stock index gained 10.60 points, or 0.9%, to 1,239.70, led higher by energy and health-care stocks. All 10 S&P 500 sectors rose.
The Nasdaq Composite tacked on 3.50 points, or 0.1%, to 2,625.15. The technology-oriented index's gains trailed the other major indexes in part due to Apple, which fell 10.06, or 2.6%, to 385.22, the measure's largest point-decliner. How about Indonesia stock market today?
Jakarta Composite Index (JCI) today is estimated to move within 3,729-3,836. Several stocks to watch: TLKM, INDF, and ENRG.
Minna Padi Investama:
The JCI may move with high volatility today. External factors will drive the index movement. Several stocks to watch: BJBR, BBRI, and BMRI.
The index may fluctuate within the range of 3,700-3,805 today. Yesterday, the JCI fell 1.9% to 3,783.88, driven by debt crisis in European countries.
Disclosure: No position at the stock mentioned above.
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