Wall Street closed mixed in (23/11) trading; with the Dow Jones and S&P500 went up. On the other hand, the Nasdaq index weakened along with rising US Treasury yields; which put pressures on technology stocks. Meanwhile, crude oil prices managed to rebound even though several countries have announced plans to release their strategic reserves.
From domestic market, the JCI had a correction of 0.68% after setting an all-time record for the previous 2 days. Investors were seen to have started profit taking actions, led by declines in the Transportation sector (-2.02%) and Finance (-1.75%). For today, the benchmark index has potentials for a technical rebound with projected movement in the area of 6,660-6,754.
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