Wall Street closed higher in trading (28/10); marked by new record highs on Nasdaq and S&P500. Megacap technology stocks led gains ahead the release of quarterly results from Amazon and Apple. Meanwhile, US GDP in the third quarter of 2021 grew by 2%; or lower than the consensus projection of 2.6%.

Domestically, JCI declined by 1.21%; accompanied by profit taking on blue chip stocks. Foreign investors recorded a net sale of IDR 504 billion, after posting net buy 10 days earlier. Towards the end of the week, the benchmark index has a chance to face technical rebound with projected movement in the area of 6,500-6,680.

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