The market is expected to trade in a range ahead of the weekend, with few catalysts available. A wait-and-see mood is likely to persist amid a lack of overseas factors and company-specific news.
The stock market is expected to trade in a range today, with a lack of catalysts likely to keep investors on the sidelines through the weekend. With few cues from overseas markets or corporate earnings, moves to establish a clear direction are expected to remain limited.
U.S. major Oracle notified a subsidiary of a force majeure event concerning the development of a large data center in western New Mexico, citing the possibility of delays in securing power. People familiar with the matter told Reuters, after which the company's shares fell more than 3%.
Meanwhile, in developments related to the Middle East, reports indicated that some air transport services had been suspended due to the impact of U.S. sanctions, including the UAE and Oman deciding to suspend flights to Iran. Starbucks also plans to close 250 stores in North America as part of a business restructuring.
Video footage was also reported showing Xi Jinping (習近平) arriving at the White House and being greeted by Donald Trump and his wife, while photographs showed delivery workers sorting packages outside Amazon's facility in Ahmedabad, India.