Wall Street closed mixed at the end of last week (19/11), with declines in Dow Jones and S&P 500. On the other hand, the rise in technology stocks managed to bring Nasdaq to a new record high above 16,000 for the first time. Crude oil prices continued to fall by 3%; amid fears of the impact of the lockdown in the European region.
JCI was able to set another new record high with a gain of 1.04% to the level of 6,720. The gains were supported by various economic data released last week; which gave an indication of solid economic fundamentals. Entering the new week, the movement of the benchmark index is still likely to continue the positive trend with a projected range of movement at 6,700 – 6,800.
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