The Jakarta Composite Index may face further declines on Friday after falling 0.30 percent to 6,315.31 on Thursday, marking a two-session loss of nearly 25 points. The index was dragged down by weakness in financial and resource stocks, and the global outlook remains negative due to tech earnings disappointments, surging oil prices, and Middle East tensions. Wall Street tumbled, with the Dow dropping 506.93 points, the Nasdaq plummeting 553.21 points, and the S&P 500 sinking 90.66 points, as investors reacted to earnings from Tesla and Alphabet. Crude oil prices surged again, with West Texas Intermediate crude for September delivery up 6.63 percent to $92.59 per barrel, adding to inflation and interest rate concerns. In U.S. economic data, first-time jobless claims unexpectedly fell last week.
Alphabet Inc Class CAlphabet's earnings disappointment contributed to the global sell-off, dragging down market sentiment.
Tesla IncTesla's earnings disappointment contributed to the global sell-off, dragging down market sentiment.