FKLI Related News (Wed, Apr 10)

NEW YORK (Reuters) - Stocks advanced on Tuesday, with the Dow closing at a record high on a rally in cyclical shares and as earnings season started to heat up. With the day's advance, the S&P 500 again neared its all-time intraday high of 1,576.09, recovering from steep losses last week, the index's worst of 2013. The return to near-record levels indicates that investors are again using market declines as buying opportunities. The top sectors of the day, technology and energy, are groups that are closely tied to the pace of economic growth.

An S&P index of energy shares (.SPNY) rose 0.8 percent, climbing alongside a rise of 0.9 percent in the price of U.S. crude oil, which was up on inflation data from China that reduced concerns about monetary tightening. The Dow Jones industrial average (.DJI) advanced 59.98 points, or 0.41 percent, to 14,673.46, a record closing high. The Standard & Poor's 500 Index (.SPX) gained 5.54 points, or 0.35 percent, to 1,568.61. The Nasdaq Composite Index (.IXIC) added 15.61 points, or 0.48 percent, to close at 3,237.86. The Dow also touched a record intraday high at 14,716.46. Stocks also got a boost from a promising start to the earnings season.

Share prices on Bursa Malaysia ended broadly firmer yesterday backed by last minute support for bluechips, dealers said. FKLI spot month contract opened at 1,684 this morning. 

Today’s Support and Resistance for April contract is located around 1,675 and 1,700 respectively.