Wall Street was able to rebound in trading (23/11/2020), with the Dow Jones recording an increase of more than 1%. The market has again received good news about vaccine developments, this time from AstraZeneca which announced an effectiveness rate of 70%. This caused investors to buy cyclical stocks again.
Meanwhile, the sharp increase in the JCI yesterday succeeded in bringing the benchmark index to its highest position since the market crash in March 2020. Technically, after successfully breaking a fairly strong resistance level, JCI will try to hold above 5,600 to confirm a strengthening trend.
Download full report HERE.