The three major US markets simultaneously closed higher in trading (08/04/2021), led by Nasdaq with an increase of 1.03%. Tech stocks continued to gain ground in line with the decline of the US Treasury Yield. Market expectations of a rate hike eased slightly after the speech of the head of Fed at the IMF discussion, as well as the release of weekly jobless claims that edged up.
Domestically, JCI continued to rise for three days in a row amid a downward trend in daily transaction values. Investors will look at the impact of the prohibition on transportation operations during Eid al-Fitr as well as the release of Consumer Confidence Index (IKK) figures for March 2021. Today, the JCI is projected to move in the range of 5,980 – 6,126.
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