The indexes on Wall Street ended the day with mixed results, with the Dow Jones and S&P 500 posting gains, while the Nasdaq Composite ended in the red. Federal Reserve Chairman Jerome Powell, in front of the Senate Banking Committee, indicated that the Fed does not need to rush into lowering interest rates. Powell stated that the U.S. economy remains strong, the labor market is solid, and inflation is declining, though still above the Fed's target. Concerns about the economic outlook amidst the implementation of U.S. import tariffs and the potential escalation of the trade war continue to weigh negatively on the market. Investors are awaiting the latest inflation data from the Consumer Price Index (CPI) to be released on Wednesday and the Producer Price Index (PPI) on Thursday. Meanwhile, crude oil prices strengthened amidst concerns about potential disruptions in supply from Russia and Iran due to sanctions, although worries over an escalating trade war potentially slowing global economic growth persist. Gold prices, on the other hand, corrected after a rally that had brought prices to new highs.

The JCI closed lower on Tuesday, February 11, 2025, falling by 1.75% to 6531. The infrastructure sector saw the largest correction, while the technology sector was the only one to post gains. Foreign investors recorded a net sell of IDR 469.47 billion, including transactions on the non-regular market. Today's forecast for the JCI indicates it will move within a support range of 6480/6400 and a resistance range of 6585/6600. Stock picks: BBCA, BBRI, BRIS, INDF, ICBP, ASII, CPIN.

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