Ford posts solid session with 0.39% gain; upside capped at $12.85

Published: January 25 2023, 22:56 GMT+0

Ford posts solid session with 0.39% gain; upside capped at $12.85

Today at a glance: Ford Motor Co recovered from the previous trading session's losses and went up to $12.79 today after it traded lower at $12.48.

Nevertheless, data from United States concerning Crude Oil Inventories was released today at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 8.41 million to 533,000 this month.

Meanwhile, 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.

A look at other consumer discretionary stocks also showed bullish price action as Walt Disney gained 2%, as it traded at $108.12. McDonald's traded at $273 after closing today's trading day at $269.56 (up 1.28%). Amazon added 0.89% to its value, and traded at $97.18.

Also worthy of note, 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. As things stand, upcoming United States GDP data is projected to fall short of market expectations with newly published data of 2.6, following on from the preceding figure of 3.2. New data is set to be published tomorrow at 13:30 UTC. 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.

Ford hit a significant low of $10.95 around 28 days ago, but has since recovered 16.35%.

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