A strong weekly jobs report, solid debt auctions in Europe and better-than-expected quarterly results from two financial giants unleashed the bulls on Wall Street for the third day in a row.
The Dow Jones Industrial Average, as quoted by foxbusiness.com rose 45 points, or 0.36%, to 12624, the S&P 500 rose 6.5 points, or 0.49%, to 1315 and the Nasdaq Composite climbed 18.6 points, or 0.67%, to 2788.
The markets have been on a roll so far this year. The blue chips have added more than 400 points so far in 2012 and are presently sitting at their highest level since July.
How about Indonesia stock market today? Bisnis Indonesia provides recommendations from several brokerages:
Jakarta Composite Index (JCI) may move mixed with potential correction within the range of 3,960-4,028. Nearly stock indexes yesterday rose except agriculture, property, infrastructure, trade and services.
Minna Padi Investama:
The JCI yesterday inched up 0.58% to 4,001.07. Massive capital inflow gave a boost for several blue chips. Be careful on profit taking during long week end. Several stocks for trading buy in weakness: BMRI, BBRI, and PTBA.
Technically, the index today may move within the range of 3,977-4,026. Several stocks to watch: UNVR, PTBA, PGAS, and ADRO.
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