Wall Street closed out the day little changed as traders mulled corporate news and economic data, but were cautious to make bets ahead of the highly-awaited monthly employment report on tap for Friday.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, slipped 11.2 points, or 0.09%, to
12705, the S&P 500 rose 1.5 points, or 0.11%, to 1326 and the Nasdaq
Composite climbed 11.4 points, or 0.4%, to 2860.
On what was a relative quiet trading day, energy shares, like Chevron (CVX: 103.69, +0.90, +0.88%)
posted the strongest performance. Financials and consumer staples
performed solidly as well. Meanwhile, healthcare names lagged behind
after Merck (MRK: 38.44, -0.19, -0.49%) revealed a full-year 2012 earnings forecast that was on the lower side of estimates.
New claims for unemployment benefits fell to 367,000 last week from
an upwardly revised 379,000 the week prior, the Labor Department said.
Economists had been expecting claims to fall to 375,000 from an initial
reading of 377,000. A separate report released on Thursday from
outplacement firm Challenger, Gray & Christmas showed employers
shedding 53,486 jobs in January, the largest total since September.
The more closely watched monthly employment report is on tap for
Friday. Analysts will be looking to see if the pace of recovery picked
up or slowed down in the first month of 2012. How about Indonesia stock market today? Bisnis Indonesia provides recommendations:
Jakarta Composite Index (JCI) today is estimated to move within the range of 3,978-4,038 with several stocks to watch: EXCL, MYOR, and JPFA.
Minna Padi Investama:
The JCI may rise with resistance level at 4,038. Watch out profit taking. Several stocks to watch: BMRI, BJBR, and HRUM.
The index may be mixed with uptrend possibility. The support and resistance levels are at 3,977-4,040.
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