After posting record highs, the three major US markets simultaneously declined at the close of trading (29/12/2020). Investors are waiting for certainty regarding the proposed additional stimulus payments to increase from USD 600 to USD 2,000.
Towards the end of the year, the JCI was restrained by profit taking as well as concerns arising from the entry ban for foreigners in early January 2021. On the last trading day in 2020, the JCI is expected to tend to be depressed with movements in the range 5,979-6,100.
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