The broad S&P 500 ended in the green for the fourth week in a row, but the Dow's weak showing on Friday left the blue-chip average in the loss column for the first time in so many weeks.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, on Friday last week fell 74.2 points, or 0.58%, to 12660, the S&P 500 dipped 2.1 points, or 0.16%, to 1316 and the Nasdaq Composite rose 11.3 points, or 0.4%, to 2817.
For the week, the Dow fell 0.45%, the S&P 500 inched 0.08% higher and the Nasdaq rallied 1.1%. Market participants had a slew of economic data, corporate developments and headlines out of Europe to parse through on the day.
The U.S. economy expanded at an annualized pace of 2.8% in the fourth quarter of 2011, a quicker rate than the 1.8% in the third quarter, the Commerce Department reported in its first reading on Friday. The jump was the biggest since the second quarter of 2010. However, economists were expecting the economy to expand at 3% for the quarter.
Jakarta Composite Index (JCI) is estimated to move within the range of 3,947-4,028. Several stocks to watch: INDY, HRUM, and JPFA. On last Friday, the index slightly rose 0.07% or2.97 points to 3,986.41.
The JCI may move mixed within the range 3,950-4,006. The release of US economic growth and progress of debt restructuring in Euro zone will provide sentiments to the JCI. Several stocks for day trading: HRUM, JSMR, ASRI, and BSDE.
Disclosure: No position at the stock mentioned above.
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