US stocks closed mixed in late August trading with the Dow Jones and S&P lower, while the Nasdaq rallied. This again indicated that investors are interested in targeting technology stocks that have succeeded in lifting the US stock market. Throughout August 2020, the Dow Jones and S&P recorded increases in the range of 7%, while the Nasdaq jumped nearly 10%.

Domestically, JCI today will try to rebound from the deep decline on Monday (31/08/2020) with the expectation from the release of the August 2020 inflation and PMI data. Today’s release of economic data will provide a clearer picture for the projection of economic growth in Q3/2020 which is forecasted to still be in the negative.

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