Wall Street posted big gains in what was a light trading week that pushed the S&P 500 into the green for the year as traders grew more optimistic about the U.S. economic landscape.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, jumped 124 points, or 1%, to 12,294, the S&P 500 rose 11.3 points, or 0.9%, to 1,265 and the Nasdaq Composite gained 19.2 points, or 0.74%, to 2,619.
The markets had a particularly strong, albeit low-volume, week. The Dow jumped 3.6%, while the broader S&P 500 rallied 3.7%. The Nasdaq posted a weaker performance, climbing 2.5%, as technology shares struggled. The S&P joined the Dow in positive territory for 2011, while the Nasdaq is still off by 1.3% for the year.
How about Indonesia stock market today? Bisnis Indonesia provides recommendations:
Jakarta Composite Index (JCI) technically may move within the range of 3,750-3,840. Data on personal spending, durable good orders, and new home sales in US in November, which will be released soon, may be posed as indicators of economy improvement. The indicators are expected to be sentiments for the index movements. Several stocks to monitor: PTBA, LSIP, INDF, and BBNI.
The JCI today may move within the range of 3,748-3,833. Several stocks to watch: INDY, BBNI, and CMNP.
Disclosure: No position at the stock mentioned above.
Print This Article