All three major US indexes closed lower on 9/11, led by the Nasdaq, which fell 0.6%. Investors are seen profit taking after the rally that occurred for 8 consecutive days. Concerns over the persistently high inflation rate became a negative sentiment; ahead of the release of CCI data this week.
JCI resumed its positive trend with a strengthening of 0.57%; supported by increases in 8 of 11 sectoral indexes. The Consumer Confidence Index (CCI) data for the October 2021 period was recorded returning to the optimistic zone at 113.4; up from 95.5 in the previous period. Technically, JCI has the potential to test the all-time high level with a projected movement at 6,630-6,750.
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