Flat day for ARKK as the fund stays anchored around $37.57

Published: January 25 2023, 20:31 GMT+0

Flat day for ARKK as the fund stays anchored around $37.57

ARK Innovation ETF is trading at $37.57 after closing the previous day at $37.48.

Uncertainty around ARK Innovation ETF is reflected by published market data as United States Crude Oil Inventories published today at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure. 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 released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

While ARK Innovation ETF is pretty flat so far today, mixed performances are seen elsewhere as NextEra Energy is down $6.35 from the beginning of the session and now trades around $77.55. AT&T skyrockets 5.92% to trade around $20.3. HDFC Bank Limited is down $4.14 from the beginning of the session and now trades around $67.3.

Furthermore, the market is looking at United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of 0.1%; data will be released tomorrow at 13:30 UTC. United States GDP expected to decline to 2.6 while its preceding data was 3.2, data will be available tomorrow at 13:30 UTC. As things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 205,000, following on from the preceding figure of 190,000. New data is set to be published tomorrow at 13:30 UTC.

ARK Innovation ETF has managed to gain 23.05% so far this year despite trading at lows around $29.64 previously.

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