US stock markets continued rally on (04/02/2021), which was marked by a new closing record for Nasdaq and S&P 500. The increase was triggered by the release of unemployment claims data which was below 800 thousand or much better than estimated. The market also looks optimistic that the Biden administration’s USD 1.9 Trillion stimulus package will be approved.
Domestically, the strengthening of the JCI in early February has brought the benchmark index back to 6,100. The schedule for the release of 2020 economic growth figures and the continuation of social restrictions in the capital will be the focus of investors. Towards the end of the week, JCI is projected to move in the range of 6,000 – 6,179.
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