Flat day for ARKK as the fund stays anchored around $37.52

Published: January 25 2023, 20:11 GMT+0

Flat day for ARKK as the fund stays anchored around $37.52

ARK Innovation ETF is trading at $37.52 after closing the previous day at $37.48.

This uncertain state for ARK Innovation ETF is reflected by published market data as highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading of 533,000. United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories came out at 4.27 million.

Meanwhile, mixed performances are seen elsewhere as NextEra Energy is trading around $77.67 (down $6.23). AT&T gained 6.13% and is currently trading at $20.34. HDFC Bank Limited closed at $67.56 (down 5.44%).

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Core Durable Goods Orders projected to decline to -0.2% while previous data was 0.1%; data will be released tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States GDP will be released, with an expected decline to 2.6 from the preceding figure of 3.2. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 205,000 from the preceding figure of 190,000.

This year has been a bright one for ARK Innovation ETF after trading as low as $29.64 and going on to appreciate by 23.05% year to date.

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