Wall Street closed higher in trading (07/01/2021), with the three major markets: Dow Jones, S&P 500, and Nasdaq breaking new record highs. Investors welcomed the endorsement of the election results by Congress despite the protests at the Capitol building. In addition, the released figures of claims for weekly unemployment was also better than the results of the economist survey.
Meanwhile, the Indonesian market continued the bullish phase following the gains in the majority of global markets. Sentiments that still influence it, among others, are around the Covid-19 vaccination plan and the release of data on foreign exchange reserves which is expected to continue to increase. Today JCI is expected to move in a range 6,105 – 6,166.
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