The Dow waddled higher on Wednesday, narrowly extending its winning streak to six days, as traders took stock of Wall Street's blockbuster performance over the past several sessions.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, rose 16.4 points, or 0.12%, to 13194, the S&P 500 dipped 1.7 points, or 0.12%, to 1394 and the Nasdaq Composite edged higher by 0.85 point, or 0.03%, to 3041.
The Dow is at its highest level since 2007, while the broad S&P 500 is sitting just a nudge under its best mark since 2008. The S&P also nearly hit the 4000 level in intra-day trading for the first time since that year before pulling back.
Overall, the markets performed tepidly on Wednesday, with some market participants remaining cautious and warning of a potential pullback on the horizon.
How about Indonesia stock market today? Bisnis Indonesia provides recommendations:
Today, Jakarta Composite Index (JCI) may move limited and within the range of 3,963-4,090 with several stocks to watch: BBCA, MAIN, and SMGR.
The JCI today may continue its rally. The index may move within support-resistance level of 4,025-4,075. Top picks: SMGR, EXCL, JSMR, MTLA, and BVIC.
Minna Padi Investama:
Sentiments provided by the global stock markets have underpinned the JCI movement at 4,000 level. Profit taking may engulf blue chip stocks. Several stocks to watch: BBCA, ANTM, and BMTR.
Technically, the JCI may rise in limited position within the range of 4,023-4.090. Several stocks to watch for day trading: MAPI, IMAS, LSIP, and ANTM.
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