US stock markets fell again at the beginning of the week (20/12); with all three major indexes down more than 1% each. The spike in Covid-19 cases that occurred throughout the weekend, became a major source of concern for investors. Another negative sentiment came from Senator Joe Manchin’s statement refusing to support the Biden administration’s USD 1.75 trillion Investment program.
In line with the majority of global exchanges, JCI also started the week with a 0.83% correction to 6,547. Concerns about the Omicron variant, which has the potential to hamper economic recovery, put pressure on sectors such as Industrial (-1.52%) and Consumer Cyclical (-1.48%). For today, the benchmark index will try to stay above the psychological 6500 level.
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