The three major US indexes simultaneously turned green at the end of last week (28/01), after being in a downward trend all week. Apple shares led the gains in the technology sector amid stable bond yields. Meanwhile, US Consumer Expenditure data for December 2021 showed a contraction of 0.6%; affected by the widespread Omicron variant.
JCI managed to continue strengthening for 3 consecutive days; after rising 0.52% last Friday to 6,645. Entering the new month, investors will pay close attention to the release of monthly economic data as well as developments in the domestic Covid-19 pandemic situation. Technically, the benchmark index will try to maintain the positive trend with a projected range of movement at 6,600-6,727.
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