All three major US markets closed lower in trade (09/06). The season for the release of performance reports and the wait-and-see attitude before the announcement of inflation data; lead to less market volatility. Investors will be watching whether the rise in inflation is more permanent or temporary as the Federal Reserve has estimated.
In contrast to global markets which tended to weaken, JCI was able to rebound by 0.8%. Positive sentiment came from the consumer confidence index (CCI) which rose to 104.4; thus it has been able to stay in the optimistic zone for the past 2 months. JCI movement today will try to hold on to the psychological level of 6,000 amid the potential for profit taking.
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