Wall Street managed to rebound at the closing (15/09), led by S&P 500 that went up 0.85%. The energy sector boosted the increase, after data of crude oil was reported much lower than expected. Meanwhile, President Joe Biden was announced to meet some Democrat senators to discuss the USD 3.5 billion budget proposal.
From domestic market, the JCI was again pressured by profit taking action, with the biggest drop came from Industrial Sector which had a 0,9% decline. Tapering plans from the Federal Reserve and declining Covid-19 cases are still the two main sentiments around the market. For today, the JCI is projected to remain in consolidation phase at the 6.050 – 6.150 area.
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