PSQ closed at $11.31 after losing 2.5% yesterday

Published: May 27 2023, 00:05 GMT+0

PSQ closed at $11.31 after losing 2.5% yesterday

Yesterday at a glance: a tough session dominated by bearish sentiment left PSQ 29 cents lower, while setting a $11.28 to $11.57 session range.

Data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Positive performances can be seen by looking at other markets as Costco added 4.26% and closed around $486.55 yesterday. Notably, Intel rose 5.84% yesterday and closed at $27.4. Netflix surges 5.54% yesterday and closed at $359.

All in all, the fund has been on a negative trend for around a month. ProShares Short QQQ has recovered 2.65% since descending to a significant low of $11.3 around a day ago.