All three major US indexes managed to rebound on (05/10), led by Nasdaq which went up 1.25%. Investors took advantage of the correction that occurred at the beginning of the week by buying shares in the megacap technology sector. Meanwhile, the US Senate is scheduled to vote on the US debt ceiling on Wednesday.
From the domestic market, profit-taking that hit the JCI after the strengthening of the previous day; causing the reference index to fall by 0.86%. Although the majority of sectoral indices weakened, the energy sector was still able to continue its positive trend in line with the continued rally of world commodity prices. For today, JCI has the potential to continue the decline with a projected range of movement at 6250-6350.
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