US stock markets fell again in trading (03/03/2021), with all three major markets closing in the red zone. The technology sector is again under heavy selling pressure. The rise of yield on the US 10-year Treasury close to 1.5% again raised concerns to the stock market.
Domestically, JCI continued to strengthen throughout this week, although the movement seemed to be limited. Various stimuli related to credit relaxation and dividend tax have become positive catalysts for the stock market. For today, the JCI is estimated to be at the level of 6,300 – 6,400.
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