Wall Street closed higher again in trading (24/08); marked by new record highs in S&P500 and Nasdaq. Investors seemed optimistic that the Federal Reserve will not make significant changes to monetary policy. Meanwhile, full approval for Pfizer-BioNTech’s vaccine eased concerns over a spike in cases due to the spread
of the delta variant.
From the domestic market, JCI was hit by profit-taking after a significant gain in the previous 2 days. The Energy and Infrastructure Sector was the main driver with a decline of 1.49% and 1.43% respectively. For today, JCI has the potential to resume correction with a projected range of movement at 5,950 – 6,138.
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