The main indices on U.S. market closed mixed. The Dow Jones Index declined for the eighth consecutive day, marking its longest losing streak since 2018. The S&P 500 Index closed higher, while the Nasdaq Composite reached a new record high. Tech stocks rallied ahead of the Federal Reserve meeting scheduled for Tuesday-Wednesday. Markets expect the Fed to lower interest rates by 0.25% during this meeting. Investors are also awaiting the Fed’s guidance on interest rate policy for the upcoming year. Gold prices strengthened as the U.S. dollar corrected ahead of the Fed's meeting.

On Monday, December 16, 2024, the JCI closed down 0.90% at 7,258. All sectors experienced declines, with the property sector showing the largest correction. Foreign investors recorded a net sell of IDR 621.66 billion, including transactions in the non-regular market. On Tuesday, the JCI is expected to move within a support range of 7,200/7,140 and a resistance range of 7,285/7,330. Stock picks: BBRI, BMRI, BBCA, ASII, UNTR, EXCL, ADRO, MYOR.

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