Nasdaq was still able to post new closing records on (21/01/2021), while Dow Jones and S&P were relatively stagnant. Investors are seen hunting for technology giants like Apple, Facebook and Microsoft ahead of the scheduled release of financial reports next week. Meanwhile, the number of jobless claims was reported at 900,000 for the last week.
Domestically, profit taking and the effect of Joe Biden which began to subside caused the JCI to experience a slight decline. Most of the investors have anticipated BI’s decision to hold the benchmark interest rate. Today, JCI is expected to move in the range of 6,386 – 6,504.
Download full report HERE.