PSQ ascends to $13.65 after adding 0.37% yesterday

Published: January 26 2023, 06:35 GMT+0

PSQ ascends to $13.65 after adding 0.37% yesterday

A quick look at yesterday: ProShares Short QQQ went up to $13.65 yesterday, gaining 0.37%.

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 yesterday 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 skyrockets 6.58% yesterday and closed at $19.16.

At the same time, NextEra Energy tumbles 8.71% yesterday and closed at $83.9. HDFC Bank Limited is down to $66.93, losing $4.51, after ending the previous session around $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.

Also worthy of note, United States Core Durable Goods Orders projected to decline to -0.2% while previous data was 0.1%; data will be released today at 13:30 UTC.

Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Dec) is scheduled for tomorrow at 13:30 UTC.

So far this year, ProShares Short QQQ has declined 7.92% while touching highs around $15.25 earlier this year.