FKLI Related News ( Tues, Apr 9 )

NEW YORK, April 8 (Reuters) - U.S. stocks ended a volatile session higher on Monday as investors looked ahead to an earnings season expected to show modest growth despite concerns about the economy's health. Wall Street fluctuated between positive and negative territory for much of the day before climbing in the final hour of trading, ending near its session highs. However, volume was light and the Dow's gains were limited by a selloff of Johnson & Johnson shares.

The season unofficially started after the market closed with results from Alcoa Inc. The aluminum company reported adjusted earnings that beat expectations, but revenue was down from the year-ago quarter. After initially rising in extended-hours trading, Alcoa's stock slid 1.1 percent to $8.30. As the first Dow component to report, Alcoa is informally viewed as setting the initial tone for the season, though many more bellwether companies' earnings won't come out until next week. The S&P materials index ended Monday's session up 0.4 percent.

The Dow Jones industrial average rose 48.23 points, or 0.33 percent, to 14,613.48 at the close. The Standard & Poor's 500 Index gained 9.79 points, or 0.63 percent, to 1,563.07. The Nasdaq Composite Index advanced 18.39 points, or 0.57 percent, to close at 3,222.25. Both the Dow and the S&P 500 finished Monday's trading at their session highs, while the Nasdaq was just below its intraday peak. During the session, the Dow made a swing of 115.68 points - falling 67.45 points to its intraday low before it rebounded to end the day up 48.23 points at its session high.         

Most Southeast Asian stocks ended weaker on Monday with Singapore and Indonesia falling to their two-week lows led by financials as weak U.S. job data and concerns over Europe dented investors' appetite for risky assets.          [Reuters]

Bursa Malaysia closed slightly lower yesterday on late profit-taking amid mixed performances on the regional bourses, dealers said. The KLCI fell 0.66 points to close at 1,687.99, after opening at 3.02 points higher at 1,691.67.           [Bernama]

FKLI spot month contract opened barely higher this morning at 1,684 following weak U.S job data. Today’s Support and Resistance for April contract is located around  1,670 and 1,690 respectively.