US stock markets closed last week in the green, marked by significant gains in all three major markets. On a weekly basis, Dow Jones, S&P 500, and Nasdaq were
able to increase by 2.7%, 2%, and 3.1% respectively. Investors responded positively to various statements from Fed officials who confirmed their commitment to continue the loose economic policy.
Last week, JCI was able to strengthen by 0.98% even though it had not been able to break out of the bearish trend. Several factors that could affect market movements this week include the potential for the continuation of foreign investors selling action and the release of the Trade Balance for the March 2021 period. For today, JCI is expected to move in the range of 6,000 – 6,123.
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