A confluence of gloomy headlines on the U.S. and European fronts incited a selloff across equities and commodities markets on Monday, setting a dour tone for the trading week.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, slid 163 points, or 1.3%, to 12,021, the S&P 500 dipped 18.7 points, or 1.5%, to 1,236 and the Nasdaq Composite fell 34.6 points, or 1.3%, to 2,612.
Every major sector was to the downside on Monday. Some of the biggest losses were seen in the energy and basic materials sectors following big losses in respective futures markets. Financials were also under pressure amid continued worries over Europe's debt debacle.
How about Indonesia stock market today? Bisnis Indonesia provides recommendations quoted from several brokerages:
Jakarta Composite Index (JCI) is estimated to make further gain within the range of 3,782-3,833. Several stocks to watch: KRAS, BBNI, and HRUM.
The JCI technically may move in mixed today within the range of 3,735-3,820. Several stocks for day trading are ASII, PTBA, MYOR, and BSDE.
The JCI today may move in the range of 3,748-3,833 with several stocks to monitor: ROTI, MYOR, and MEDC.
Disclosure: No position at the stock mentioned above.
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