The S&P 500 and Nasdaq continued their record highs for trade closing (25/08/2020), while the Dow Jones closed slightly lower. After getting positive sentiment from the development of the Covid-19 vaccine, the market was also encouraged by the news that the US and Chinese governments reaffirmed their commitment to carry out the phase 1 trade agreement.
Meanwhile, JCI movement today is expected to be more limited after experiencing a significant rally in yesterday’s trade. Economic growth in the third quarter of 2020, which is predicted to remain negative, and foreign funds that are still outflows, will be the sentiment to hold back the JCI rate.
Download full report HERE.
