The Dow Jones Index and the S&P 500 once again broke the all-time closing records for trading (04/12/2020). The rally was triggered by a signal that the Federal Reserve will increase its bond-buying program. In addition, the market will also await the discussion of granting Covid-19 vaccine licenses to Pfizer which is scheduled for this week.
Over the past week, the JCI was still able to increase by 0.5% even though it opened to a fall at the beginning of the week. Meanwhile, several economic data releases such as Foreign Exchange Reserves, Consumer Confidence Index and Retail Sales will influence the movement of the stock market this week. For today, JCI is expected to move in the range 5,775-5,853.
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