29 June 2020
The Dow Jones closed sharply at the market closing last week. The increase of COVID-19 positive cases have caused states such as Texas and Florida to re-impose the restrictions.
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29 June 2020
The Dow Jones closed sharply at the market closing last week. The increase of COVID-19 positive cases have caused states such as Texas and Florida to re-impose the restrictions.
26 June 2020
The Dow Jones index posted gains at the close (06/25/2020) after opening lower in early trade. This strengthening was led mainly by the trading sector. The rebound in oil price and the release of unemployment numbers that matched expectations have eased fears of the second wave of Corona for the time being.
25 June 2020
Major US Indices closed lower on (24/06/2020) after gaining on the previous day. Rising numbers of new Covid-19 cases in several states are deemed to be the main factor of this correction. From domestic market, the JCI today will attempt to test major resistance level at 5,000 supported by sentiments from fund placements in anchor banks. However, profit taking is also likely after significant gain yesterday.
24 June 2020
The three main US indices all closed stronger with Nasdaq once again recording the new highest level. Statements from the US officials that phase 1 trade deal is still ongoing gives new positive sentiments. Meanwhile the quiet domestic sentiment means IDX will be more influenced by the US economic data release, such as: Weekly Unemployment Numbers, PMI data, and GDP Q1-2020.
23 June 2020
Dow Jones closed higher at the start of the week, led by surges in the technology sector. From domestic market, the lack of new sentiments at the start of the week is predicted to cause JCI to move sideways. As the second quarter comes to an end, investors focus on companies performance which is expected to be most impacted in this quarter.