Mondelez ended the session at $65, up 0.25%, adding another to its 4th straight day of gains

Published: January 25 2023, 23:50 GMT+0

Mondelez ended the session at $65, up 0.25%, adding another to its 4th straight day of gains

A quick look at today: Mondelez International recovered from the previous trading session's losses and went up to $65 today after it traded lower at $64.08.

On the flip side, 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.

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 staples stocks also showed bullish price action as Philip Morris International was up 2.09%. Anheuser-Busch gained 1.46%, as it traded at $60.31. Coca-Cola traded at $60.93 after closing today's trading day at $60.55 (up 0.63%).

Furthermore, the market is looking at tomorrow 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%. 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. United States Initial Jobless Claims projected to decline to 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

Pointing downwards for around a month. 3 months ago, the Oreo and Toblerone snack food company fell to a low of $54.83 but has since recovered 18.26%.

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