Wall Street closed mixed in trading (07/09); with Dow Jones and S&P 500 declining, while Nasdaq slightly rose. Concerns about the slowing economic recovery prompted investors to return to technology stocks. Meanwhile, Morgan Stanley lowered its rating on the US stock market to underweight.
Domestically, JCI was corrected with a weakening led by the Technology and Industry Sectors. Market participants were seen starting to take profit after the strengthening that occurred last week. For today, JCI still has the potential to continue its decline with the range of movement at 6,050 – 6,169.
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