The major US markets closed lower simultaneously in trading (22/04/2021). Investors responded negatively to the news of President Joe Biden’s plan to almost double the tax on Capital Gains. Meanwhile, the number of weekly jobless claims fell back to 547,000, the lowest in the past year.
From the domestic stock market, the lack of positive catalysts and the tendency for low trading are making it difficult for JCI to get out of the pressure. The extension of the homecoming ban period and rising global Covid-19 case will be some of the factors that concern the investors. Technically, the range of movement for JCI today is at 5,980 – 6,115.
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