US stock markets managed to rebound on the closing (11/01), led by Nasdaq which rose 1.14%. Market participants responded positively to the testimony of the Fed Chairman Jerome Powell before the congress, which did not give any indication that monetary policy tightening was going to be more aggressive than expected. This sentiment simultaneously once again lifted the megacap technology stocks.
Domestically, the pressure on JCI continued with a decline of 0.64% yesterday to 6,647. The decline occurred in 9 of the 11 sectoral indexes, amid the lack of new positive catalysts for the stock market. Today, the movement of the benchmark index is expected to weaken in the range of 6,600-6,700.
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