US stock markets continued their downward trend on (27/01), with all three major indexes closing in the red. The decline was led by the shares of Intel and Tesla, which projected supply chain problems to continue in 2022. From the release of economic data, US GDP growth in the fourth quarter of 2021 recorded a 6.9% jump; highest in the last 4 decades.
JCI managed to continue its rebound with a slight gain of 0.16% yesterday to the level of 6,611. Amid the lack of new domestic sentiment, the Transportation and Energy sectors posted the highest gains, at 2.07% and 1.36%, respectively. Towards the end of the week, the movement of the benchmark index has the potential for a technical correction to the range of 6550-6,630.
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