Wall Street closed mixed on (28/12); with Dow Jones gaining ground, while S&P 500 and Nasdaq fell. Airline stocks supported the movement of the stock exchange; amid a minor correction in the technology sector. Meanwhile, The Centers for Disease Control (CDC) has cut the recommended isolation time for asymptomatic Covid-19 patients from 10 days to 5 days.
JCI was still able to continue the positive trend in the last week of 2021, with a 0.35% strengthening to the level of 6,598. The energy sector rose sharply by 2.48%; amid the expectations of market participants that the tradition of Window Dressing will continue at the end of the year. Technically, the JCI has the potential to decline after rising for 4 consecutive days, with a projected movement at 6,540 – 6,620.
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