US stock markets started the week (27/09) mixed, with the S&P 500 and Nasdaq closing lower. The upward trend in US Treasury yields puts pressure on the technology sector which tends to be growth-oriented. Meanwhile, the energy sector is supporting market movements, as investors anticipate higher demand amid economic recovery.
Domestically, JCI closed lower at the beginning of the week; with corrections in 7 of the 11 sectoral indexes. Investors still tend to wait and see due to the lack of new sentiment. For today, the benchmark index may continue declining with a projected range of movement at 6.050 – 6.150.
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