The Dow and S&P 500 both ended the week in the green, helped by a round of solid corporate earnings, but slumping technology shares pulled the Nasdaq lower.
The Dow Jones Industrial Average, as quoted by Foxbusiness.com, on Friday last week rose 65.2 points, or 0.5%, to 13,029, the S&P 500 gained 1.6 points, or 0.12%, to 1379 and the Nasdaq Composite dipped 7.1 points, or 0.24%, to 3000.
The blue chips climbed 1.4% on the week, the S&P 500 was up 0.6%, while the Nasdaq fell 0.4%. The technology sector was the biggest laggard of the week, dropping roughly 1% as tracked by the technology sector SPDR, an ETF.
How about Indonesia stock market today? Bisnis Indonesia quotes recommendations from several brokerages:
Today, Jakarta Composite Index may relatively move in limited gain within the range of 4,215 and support of 4.123. Several stocks such as PNBN, BJBR, GGRM, and BUMI may increase.
The market may be shadowed by external sentiments. The support-resistance level today is within the range of 4,150-4,200 with top picks: ADHI, BBKP, BBTN, PNLF, and BSDE.
The JCI may move within the range of 4,149-4,215. Several stocks to monitor: GGRM, INDF, and INTP.
Disclosure: No position at the stock mentioned above.
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