Flat day leaves the S&P stationary around 4,016.22

Published: January 25 2023, 23:35 GMT+0

Flat day leaves the S&P stationary around 4,016.22

A quick look at today: S&P 500 ended the session around the 4,016.22 level today, after yesterday's 0.78 points decline and close at 4,017.

This uncertain state for the S&P is reflected by published market data as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million. 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 the S&P 500 was pretty flat today, mixed performances were seen elsewhere as KOSPI Composite Index went up by 1.39% today, and closed at 2,428.57. Hang Seng is trading around 22,045 after ending today's session at 21,651 (up 1.82% today). After ending today's session at 7,490.4, ASX 200 lost 22.1 points and is trading around 7,468.3.

Data to be released tomorrow might clear up some of the market fog as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of 0.1%. New data is set to be published 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. Projections for United States Initial Jobless Claims are set for a continuation of decline with 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

The S&P has managed to gain 5% so far this year despite trading at lows around 3,577 previously.

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