The downward trend in the technology sector continued in trading (08/03/2021), marked by the fall in Nasdaq. Investors are seen still rotating into stocks which are expected to be helped by the economic recovery. The increase in bond yields is considered to have caused technology stocks to become less attractive.
From the domestic market, the lack of new sentiment has caused the JCI to consolidate again with a tendency to weaken at the beginning of the week. The increase in the Consumer Confidence Index, in line with the vaccination program do not seem to have had a major impact. For today, JCI has the chance to rebound with a range of movements in 6,239 – 6,340.
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