PSQ ascends to $13.65 after adding 0.37% yesterday

Published: January 26 2023, 06:26 GMT+0

PSQ ascends to $13.65 after adding 0.37% yesterday

Yesterday at a glance: ProShares Short QQQ closed yesterday at $13.65 (with a daily low of $13.61) after ending Tuesday at $13.6 and gaining 0.37%.

On the flip side, 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.

At the same time, 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.

Other markets are also showing gains as AT&T is trading around $20.42 after ending yesterday's session at $19.16 (up 6.58% today).

Meanwhile, NextEra Energy plunges 8.71% yesterday and closed at $83.9. HDFC Bank Limited lost 6.31% yesterday and closed at $71.44.

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%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC.

Furthermore, the market is looking at 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%.

Also worthy of note, United States Core PCE Price Index (MoM) (Dec) scheduled to come out tomorrow at 13:30 UTC.

This year has been a gloomy one for ProShares Short QQQ after trading as high as $15.25 and going on to lose 7.92% of its value.

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