The Dow Jones Industrial Average fell 191 points, or 1.6%, to 11,906, the S&P 500 slid 20.9 points, or 1.7%, to 1,237 and the Nasdaq Composite slumped 46.6 points, or 1.7%, to 2,640.
The Dow shed close to 200 points in the last two hours of trading, in what was yet another wild ride for Wall Street. Market participants pegged Wall Street's late-day plunge on a note from Fitch saying Europe's debt crisis could pose a risk to the American banking system.
The ratings company, as quoted by foxbusiness.com, said U.S. banks have "manageable direct exposures to the stressed European markets, but further contagion poses a serious risk." How about Indonesia stock market today? Bisnis Indonesia provides stock recommendations as quoted from several brokerages:
Jakarta Composite Index (JCI) is estimated to rise within the range of 3,775-3,842. Several interesting stocks such as ADRO, BDMN, INDY, and INDF.
The index may move within the range of 3,764-3,857 with potential correction. Several stocks to watch: INTP, SMCB, and INDY.
Today, the index technically may move in mixed position within the range of 3,780-3,860. Several stocks to watch: INTP, ISAT, TLKM, and GGRM.
Disclosure: No position at the stock mentioned above.
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