ProShares Short QQQ set for strong finish today; up 0.51% to $13.67

Published: January 25 2023, 20:50 GMT+0

ProShares Short QQQ set for strong finish today; up 0.51% to $13.67

ProShares Short QQQ trades at $13.67 after gaining 7 cents (0.51%).

On the flip side, 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. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

Other markets are also showing gains as AT&T shoots up 5.9% to trade around $20.29.

At the same time, after ending yesterday's session at $83.9, NextEra Energy lost $6.96 and is trading around $76.94. HDFC Bank Limited is down $4.22 from the beginning of the session and now trades around $67.22.

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%. United States GDP projected to decline to 2.6 while previous data was 3.2; data will be released 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.

This year has been a gloomy one for ProShares Short QQQ after trading as high as $15.25 and going on to lose 8.23% of its value.

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