Dow Jones and S&P 500 continued to decline on trading closing (10/12/2020), while Nasdaq successfully rebound. Release of weekly unemployment data claim shows significant increase to 853,000, indicating the surge in Covid-19 cases have started to disrupt business activities again.
Domestically, announcement of cigarette excise tax hike put pressure on JCI as big caps shares such as HMSP and GGRM were experiencing lower limit auto rejection. For today, JCI will try to stay above 5900 with projected movement in around 5,911-6,004.
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