The markets last weel ended the day little changed after rallying to the highest level since July last week as traders cautiously eyed debt talks in Greece and awaited a bounty of corporate earnings on Tuesday.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, fell 11.7 points, or 0.09%, to 12709, the S&P 500 rose 0.62 point, or 0.05%, to 1316 and the Nasdaq Composite slipped 2.5 points, or 0.09%, to 2784.
The markets have kicked off the year in rally mode, with the broad S&P 500 zooming 4.6% higher and the Dow tacking on just under 500 points so far in January. Sentiment has been boosted by strong earnings from a slew of big-name companies, relatively upbeat economic data and easing tensions in Europe.
However, the mood was more subdued on Monday. Indeed, the Dow's modest losses snapped the blue-chip average's four-day winning streak. The broader S&P 500, meanwhile, narrowly managed to add a fifth day to its streak.
Jakarta Composite Index (JCI) is estimated to move within the range 3,938-4,028. Technically, the JCI faced profit taking after surging for 3 consecutive days. The index on Friday last week slipped 0.36% to 3,986.51 with a total transaction of Rp4.1 trillion.
Technically, the JCI may move mixed with uptrend possibility. It may move within the range 3,954-4,024. Several stocks to watch: UNVR, PGAS, TINS, and INCO.
Disclosure: No position at the stock mentioned above.
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