PSQ closed at $13.65 after gaining 0.37% yesterday

Published: January 26 2023, 00:05 GMT+0

PSQ closed at $13.65 after gaining 0.37% yesterday

Yesterday at a glance: ProShares Short QQQ went up to $13.65 yesterday, gaining 0.37%.

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 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 is trading around $20.42 after ending yesterday's session at $19.16 (up 6.58% today).

At the same time, NextEra Energy lost 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.

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.

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