The major indices on Wall Street closed lower on Wednesday, ahead of the Thanksgiving holiday on Thursday. Investors took profits following recent gains in stocks, and trading volumes were generally lower. The PCE price index for October came in at 0.2% MoM and 2.3% YoY, in line with expectations. Meanwhile, the core PCE index increased by 0.3% MoM and 2.8% YoY, also in line with forecasts. On Tuesday's trading session, all three major Wall Street indices closed higher, with the Dow Jones and S&P 500 reaching new all-time highs. Previously, Trump had announced that he would impose a 25% import tariff on products from Mexico and Canada, along with an additional 10% levy on products from China. Trump also stated he would impose tariffs of up to 20% on all imports and additional duties of at least 60% on Chinese products. However, the market seemed largely unfazed by these announcements, as many viewed the tariffs more as a negotiation tactic than a policy that would be fully implemented. Meanwhile, the minutes from the Federal Reserve's meeting indicated that the Fed expects future interest rate cuts, though they will be gradual.

On Tuesday, November 26, 2024, the JCI closed lower by 0.93%, at 7245 points. The energy sector recorded the largest decline, while the property sector was the only one to show gains. Foreign investors recorded a net sell of IDR 594.12 billion, including transactions in the non-regular market. For today's trading, the JCI is expected to move within a support range of 7238/7200 and a resistance range of 7287/7300. Stock Picks: BBCA, BBTN, ASII, UNTR, PTBA, CTRA, BSDE, INDF, BRPT

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