US stock markets closed mixed again on trading (12/22/2020) with Dow Jones and S&P declining, while Nasdaq was able to rise. This indicates investors are starting to eye technology stocks amid growing concerns over the new Covid-19 variant.
Domestically, the JCI was hit by a sharp dive after experiencing a long rally and closing the gap created at the beginning of last week. However, investors hope that the announcement of the cabinet reshuffle will be a breath of fresh air with the presence of ministers who are considered pro-market. Today, JCI is projected to move in the range of 5,967-6,195.
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