Dow Jones closed up again in trading yesterday, while Nasdaq scored a new record high where for the first time in history it was above the 11,000 level. Investors welcomed the weekly jobless claims data which was recorded at 1.18 million or much better than the estimate of 1.44 million.
From the domestic market, the rally in the JCI still has a chance to continue ahead of today’s release of data on foreign exchange reserves. However, investors need to be aware of any profit taking after three consecutive days of strengthening.
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