S&P 500 and Nasdaq managed to close with new record highs in trading (26/04/2021). Investors are seen anticipating the release of the financial performance of mega cap technology companies scheduled for this week. Meanwhile, the Federal Reserve is also expected to maintain an accommodative monetary policy amid high economic growth expectations.
From the domestic market, profit taking brought JCI down to under 6,000, accompanied by net sell by foreign investors. Of the several companies that have released their quarterly financial reports for Q1 2021, it seems that they are still able to record solid net profit growth. Today, JCI is expected to move sideways in the range of 5,900 – 6,000.
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