Flatlined the S&P stays passive around 4,016.22

Published: January 26 2023, 02:01 GMT+0

Flatlined the S&P stays passive around 4,016.22

Yesterday at a glance: overall, S&P 500 shed around 0.78 points or 0.02% and ended yesterday's session at 4,016.22.

The S&P's state is reflected by market data as data from United States concerning Crude Oil Inventories was released yesterday at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 8.41 million to 533,000 this month. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

While the S&P was pretty flat yesterday, mixed performances were seen elsewhere as Hang Seng is trading around 22,400 after ending yesterday's session at 22,045 (up 1.67% today). ASX 200 lost 0.3% yesterday and closed at 7,490.4.

Data to be released today might clear up some of the market fog as projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was 0.1%; data will be released today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is scheduled for tomorrow at 13:30 UTC.

This year has been a bright one for the S&P after trading as low as 3,577 and going on to appreciate by 5% year to date.

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