Dow Jones and S&P500 closed lower on (02/08); while Nasdaq was still able to strengthen slightly. The US Senate has reportedly announced the proposal for a $1 trillion infrastructure package. However, the market is still clouded by concerns over the delta variant and slowing manufacturing activity.
From the domestic market, JCI started the week in the green zone; led by noncyclical Consumer sector which rose 1.76%. The government has decided to extend PPKM level 4 in several regions until August 9, 2021. For today, JCI still has the opportunity to continue its limited strengthening with a movement range of 6,000 – 6,160.
Download full report HERE.