Wall Street closed mixed in trading (28/07), with the DJIA and S&P500 slightly lower; while Nasdaq managed to strengthen. The US Central Bank decided to keep its benchmark interest rate and asset purchase level unchanged. Fed Chairman Jerome Powell stated that although the economy has made progress, it is still quite far from the target on the employment side.
From the domestic market, the JCI slightly weakened by 0.14%; in the midst of a net sell by foreign investors of IDR 329 billion. The results of the Federal Reserve meeting and the developments of the Covid-19 pandemic are the sentiments the affect the market. Technically, JCI still has the potential to continue weakening with a range of movement at 6,000 – 6,166.
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