US stock markets closed sideways at the end of last week (19/02/2021). On a weekly basis, Dow Jones edged up by 0.11%; while the S&P 500 and Nasdaq fell 0.71% and 1.57%. The hopes for an immediate economic recovery can be seen in the rotation of investors from technology stocks to the cyclical sector.
Over the past week, JCI still tended to be in a normal consolidation range. With the lack of schedule for the release of domestic economic data in the remainder of February, investors will be waiting for more companies to publish their 2020 financial results. Today, JCI is projected to move in the range of 6,173-6,314.
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