Stocks drifted a smidgeon higher, as investors awaited an agreement among Greek politicians on reforms ahead of the country's second international bailout.
The Dow Jones Industrial Average, as quoted by WSJ.com, inched up 5.75 points, or less than 0.1%, to 12883.95, a high that was last seen May 19, 2008. The Standard & Poor's 500-stock index gained 2.91 points, or 0.2%, at 1349.96, while the Nasdaq Composite rose 11.78 points, or 0.4%, to 2915.86.
Energy stocks dragged the broader market lower, as crude-oil prices pulled back from morning gains. Exxon Mobil fell 0.6%. Financial and technology stocks offset some of the declines. Bank of America gained 3.6% to lead the Dow components, while Hewlett-Packard rose 1.8%.
Investors kept a close watch on developments in Europe, after The Wall Street Journal reported the European Central Bank, one of Greece's largest creditors, agreed to include its bonds in the debt restructuring.
What about Indonesia stock marker today? Bisnis Indonesia provides recommendations:
Jakarta Composite Index (JCI) today may volatile with uptrend position. External sentiments could pose catalyst for the JCI today. The support-resistance level is 3,962-4,005. Top picksL TINS, INDF, SMGR, BMRI, and BBNI.
The JCI may move within the range of 3,963-4,040 with uptrend possibility. Several stocks to watch: GJTL, INTP, and INDF.
Disclosure: No position at the stock mentioned above.
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