Passive market sees ARKK dipping as low as $35.68; now at $37.55

Published: January 25 2023, 20:06 GMT+0

Passive market sees ARKK dipping as low as $35.68; now at $37.55

ARK Innovation ETF is trading at $37.55 after closing the previous day at $37.48.

ARK Innovation ETF's state is reflected by market data as 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. 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.

Other markets show mixed performance as NextEra Energy closed at $77.58 (down 7.53%). AT&T is up 6.13% to $20.34. HDFC Bank Limited falls 5.31% to trade around $67.65.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as 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%. United States GDP projected to decline to 2.6 while previous data was 3.2; data will be released tomorrow at 13:30 UTC. As things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 205,000, following on from the preceding figure of 190,000. New data is set to be published tomorrow at 13:30 UTC.

This year has been a bright one for ARK Innovation ETF after trading as low as $29.64 and going on to appreciate by 23.05% year to date.

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