Wall Street opened trading in the red this week with all major markets simultaneously declining on (11/01/2021). Investors are seen taking pofits after the stock market reached its all-time high. Meanwhile, the US political tension that rose after the riots in Washington last week also caused a little concern for the market.
Domestically, yesterday’s significant rise succeeded in sending the JCI past the pre Covid-19 pandemic. The market seems to appreciate the issuance of an emergency distribution permit for the Sinovac vaccine which will soon be distributed with an efficacy rate of 65%. Today, the JCI is expected to be in the range 6,315-6,560.
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