Wall Street closed lower at trading closing (25/02/2021), with all three major markets declining significantly. The 1.5% increase in the yield of the US 10-year Treasury raised fears of another rotation out of the stock market. This sentiment masks the news of the decline in the reported weekly jobless claims data of 730,000.
The strengthening of JCI yesterday was seen in line with the rebound that occurred in regional stock indices. Amid the lack of new sentiment, investors still tend to take a wait and see attitude. Towards the end of the week, the JCI may be under pressure due to negative sentiment from the US Stock Exchanges.
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