Wall Street closed the last trading day of 2021 in the red. However, all three major indexes recorded growth over the past year, led by S&P 500 which rose 26.9%; followed by Nasdaq (+21.4%) and Dow Jones (+18.7%). Entering 2022, the increase in the number of Covid-19 cases caused by the Omicron variant as well as the challenges of the highest inflation in the last 40 years; is still the main focus of the market.
Throughout 2021, JCI posted a fairly good performance with an annual gain of 10.08%. There were significant increases in several sectors such as: Technology, Transportation, and Energy; as supporters although the LQ45 index actually fell 0.37%. Entering the first trading day in 2022, the benchmark index is expected to continue to consolidate in the area of 6,550 – 6,620.
Download full report HERE.