PSQ lost 2.5% yesterday, ending at $11.31

Published: May 27 2023, 02:00 GMT+0

PSQ lost 2.5% yesterday, ending at $11.31

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.

Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

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 jumps 4.26% yesterday and closed at $486.55. Intel is trading around $29 after ending yesterday's session at $27.4 (up 5.84% today). Notably, Netflix rose 5.54% yesterday and closed at $359.

The fund has been trending lower for about a month. ProShares Short QQQ hit a significant low of $11.3 around a day ago, but has since recovered 2.65%.