General Motors levels up 0.33% in today's session; traders eye opening bell in 16 hours time

Published: January 25 2023, 22:11 GMT+0

General Motors levels up 0.33% in today's session; traders eye opening bell in 16 hours time

Today at a glance: after dipping down to $35.38, General Motors Co regained earlier losses and reaches $36.32.

Nevertheless, following a previous reading of 8.41 million, Crude Oil Inventories in United States released today at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000.

At the same time, 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.

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 was up 0.89%.

Also worthy of note, 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. 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 US car giant has managed to gain 7.04% so far this year despite trading at lows around $30.87 previously.

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