US stock markets closed mixed in trading (08/06); marked by Nasdaq index which rose 0.31%. The technology sector received positive sentiment from lower bond yields. From economic data, the number of new job vacancies for last April was reported to have increased dramatically to 9.3 million.
Domestically, JCI began to be depressed by profit-taking coupled with foreign net sells. The declining position of foreign exchange reserves and the shadow of rising US inflation are still weighting sentiments in the short term. For today, JCI is expected to consolidate in the range of 5,850 – 6,075.
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