Wall Street closed higher on Friday, with the Nasdaq leading the gains with more than 2%. In addition to the slowing of the increase in oil prices, the Fed’sn aggressive plan to anticipate rising inflation has become a positive sentiment this weekend. Meanwhile, talks between US President Joe Biden and Chinese President Xi Jinping on the Ukraine crisis ended without any major surprises, and both sides stressed the need for a diplomatic solution to the crisis.
From the domestic market, the JCI closed slightly lower 0.14% to a level of 6,954.97 over the weekend; marked by declines in 5 of 11 sectors. This week, the lack of new sentiment from within the country, means investors will be more inclined to pay close attention to global catalysts. At the beginning of the week, the JCI will continue trying to keep its movement in the range of 6,900 – 7,100.
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