Marriott is growing its five-day winning streak by closing at $172.33, gaining 1.59%.

Published: January 26 2023, 01:10 GMT+0

Marriott is growing its five-day winning streak by closing at $172.33, gaining 1.59%.

A quick look at yesterday: bullish sentiment helped the hotels and lodging company to hammer out a noteworthy $167.62 to $172.94 range yesterday, and finally closing at $172.33 to end the session.

Nevertheless, United States Crude Oil Inventories published yesterday 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.

Meanwhile, 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. United States Cushing Crude Oil Inventories released yesterday 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 added 1.28% to its value, and traded at $273. Amazon added 0.89% to its value, and traded at $97.18.

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC.

Also worthy of note, today at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%.

The market is looking forward to the release of new data: United States Core PCE Price Index (MoM) (Dec) will be released tomorrow at 13:30 UTC.

The hotels and lodging company has gained 14.81% since its lowest print of $133.06 earlier this year.

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