ProShares Short QQQ moves up 11.5 cents; sets session high of $13.96

Published: January 25 2023, 19:01 GMT+0

ProShares Short QQQ moves up 11.5 cents; sets session high of $13.96

Tentatively higher from an earlier low of $13.69, ProShares Short QQQ is up to $13.71 today, adding 11.5 cents, or 0.85%, to yesterday's closing price of $13.6.

Nevertheless, 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 came out at 4.27 million.

Other markets are also showing gains as AT&T is up 5.87%.

At the same time, after ending yesterday's session at $83.9, NextEra Energy lost $6.04 and is trading around $77.86. HDFC Bank Limited drops 5.14% to trade around $67.77.

Furthermore, the market is looking at 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. 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. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 205,000 from the preceding figure of 190,000.

The current year has not been the best for ProShares Short QQQ as it lost 8.23% from its highest point of $15.25.

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