US stock market closed mixed on trading (29/03/2021), with Dow Jones managing to set a new record high. The aviation sector provided support for gains, while energy and financial stocks tended to be the drag. Investors are still waiting for details regarding the Biden administration’s Infrastructure package which is estimated to be worth USD 3 trillion.
From the domestic market, the lack of positive domestic sentiment caused JCI to open lower at the beginning of the week. The fluctuation in world oil prices will be one of the concerns of investors ahead of the OPEC meeting as well as fears of bottlenecks in distribution channels. Today, JCI is predicted to tend to move lower in the range of 6,100 – 6,225.
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