All three major US markets closed higher at the end of last week with the S&P 500 resuming new record highs. Investors seem to still be enthusiastic in responding to the Fed’s new policy direction which will keep interest rates low.
Meanwhile, JCI managed to strengthen by 1.4% over the past week even though it closed lower on Friday (28/08/20). This week, the JCI movement will tend to weaken as investors focus on the release of domestic economic data as well as the resurgence of Covid-19 cases in several countries.
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