The major indices in the US managed to rebound in July 8, 2020 trading. The increase was supported by technology stocks such as Apple, Microsoft, Amazon, and Netflix. Investors assess that these companies will still experience increased demand in line with the high case of Covid-19 in the US.
Domestically, the JCI today will try to stay above the 5,000 level after yesterday finally broke through the psychological numbers. Banking stocks supported the rise in the Jakarta Composite Index (JCI) as the government starts distributing stimulus and agreement of burden sharing scheme by the government and BI.
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