Dow Jones and S&P 500 closed 2020 with another all-time high. Meanwhile, the Nasdaq was the market with the highest strengthening over the past year with an increase of more than 40%. Entering 2021, investors will monitor the distribution of Covid-19 vaccine, as well as how effective the stimulus package is in sustaining the US economy.
Domestically, the JCI weakened by 5.1% throughout 2020. On the first trading day of 2021, investors will observe developments in the number of Covid-19 cases after the New Year holidays, as well as the release of economic data such as Manufacturing PMI and December 2020 inflation. JCI movement is estimated to be at the level of 5,962-6,110.
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