Wall Street's major indices closed significantly lower on Friday, primarily driven by the technology sector's correction. The 10-year US Treasury yield surge to 4.627% pressured stocks. Meanwhile, crude oil prices rose due to declining US inventory, while gold prices dipped following the increase in US government bond yields. Upcoming economic data from U.S., such as initial claims and ISM manufacturing index.

Key domestic economic data scheduled for release this week include December inflation, PMI Manufacturing Index and tourist arrival numbers. The JCI closed 0.41% lower at 7,036 on Friday, December 27, 2024. Technology sector stocks recorded the largest decline, while transportation sector stocks posted the greatest gains. Foreign investors recorded a net buy of IDR 759.87 billion including in the non regular market. For today, JCI is expected to fluctuate within the support range of 7,000-6,930 and resistance range of 7,095-7,120. Today is the last trading day of this year for Indonesian Stock Exchange.

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