The markets charged higher on Tuesday after a round of encouraging economic reports on the American and European fronts, combined with moderating eurozone debt yields, instilled a sense of confidence on Wall Street.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, jumped 337 points, or 2.9%, to 12,104, the S&P 500 climbed 36 points, or 3%, to 1,241 and the Nasdaq Composite surged 80.6 points, or 3.2%, to 2,604.
Jakarta Composite Index (JCI) is estimated to move within the range of 3,706-3,793. Several stocks to monitor: KLBF and GIAA. The JCI ended lower 18 points or 0.47% to 3,752.34.
Minna Padi Investama:
The JCI may move in a limited uptrend. Investor tends to wait and see as the global market situation remains volatile. The banking stocks may lead the market transaction today, making the JCI stays at a positive zone. Several stocks to watch: BMRI, ASRI, and ADRO.
The JCI today technically may move mixed within the range of 3,735-3.780. The data release on housing market in the US showed an improvement of the country's economy. Several stocks to monitor: PGAS, KLBF, BJBR, and ASRI.
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