US stock markets closed mixed in trading (15/07); as S&P500 and Nasdaq declined, while the Dow Jones edged higher. Banking sector stocks remained the mainstay following the release of several better-than-expected financial performances. Meanwhile, weekly jobless claims were reported to have fallen slightly to 360k levels.
From the domestic market, the increase in big cap stocks accompanied by foreign net buys managed to lift the JCI. The market received positive sentiment from the continued accommodative policy of the Fed and the June Trade Balance surplus which reached USD 1.32 billion. Towards the end of the week, JCI will tend to move in a more confined manner to the consolidation range of 5,950 – 6,130.
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