Wall Street indices closed higher, driven in part by gains in technology sector stocks. The market shrugged off concerns about the potential resurgence of inflation and the import tariffs imposed by Trump. On Sunday, Trump announced plans to implement a comprehensive 25% tariff on all steel and aluminum imports. He did not specify when the tariffs would take effect but stated that would impose retaliatory tariffs on countries that impose tariffs on U.S. goods. Meanwhile, crude oil prices strengthened after several days of decline due to concerns over the impact of tariffs on oil demand. Gold prices reached a new all-time high, fueled by increasing demand for safe-haven assets.

The JCI closed down 1.40% at 6,648 on Monday, February 10, 2025. The infrastructure sector recorded the largest correction, while the healthcare sector saw the biggest gain. Foreign investors registered a net sell of IDR 921.07 billion, including transactions on the non-regular market. On today's trading, the JCI is expected to move within a support range of 6,600/6,540 and a resistance range of 6,700/6,750. Stock picks: BBCA, BRIS, INDF, ICBP, ASII, CPIN, TPIA.

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