Wall Street closed mixed on trading (10/02/2021), with Dow Jones stronger, while S&P 500 and Nasdaq weakened. The release of US inflation data for January of 0.3% was likely to have been anticipated by the market. In general, investors are optimistic that the approved stimulus assistance package will match the proposed USD 1.9 trillion amount.
Domestically, JCI movement was still consolidating ahead of the Chinese New Year holiday. Even though there tends to be minimal new sentiment, investors are appreciative of the number of new Covid-19 cases which seem to have started to decline. For today, JCI is projected to move in the range of 6,150 – 6,250.
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