US stock markets managed to rebound before the inauguration of President-elect Joe Biden. The gains were led by technology sector stocks which sent Nasdaq up by 1.5%. The market responded positively to the statement of the candidate for Finance Minister, Janet Yellen, who asked the US government to issue a bigger stimulus.
Meanwhile, JCI declined following continued profit taking on stocks that had experienced significant increases. This indication can be seen from the biggest decrease recorded by the cyclical sector such as mining and property. Technically, today JCI is expected to move in the range of 6,288 – 6,472.
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