Wall Street resumed its decline at the end of trading (09/09). The US Department of Labor reported that the weekly jobless claims figure fell to 310,000, the lowest level since the pandemic. But this has also raised concerns that the Federal Reserve will begin to reduce its accommodative policy more quickly.
Even though it had dropped below the 6,000 level, JCI was able to rise towards the end of the trading session and closed above MA200. The increase occurred in 8 of the 11 sectoral indexes, with foreign net buy reaching IDR 830 billion. Towards the end of the week, the benchmark index is still quite vulnerable to profit taking with a range of movement at 5,950 – 6,100.
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