Risk-on mood helps ARKK post 1.88% gain today

Published: May 26 2023, 23:16 GMT+0

Risk-on mood helps ARKK post 1.88% gain today

A quick look at today: ARK Innovation ETF closed today at $39.1 (with a daily low of $38.38) after ending yesterday at $38.38 and gaining 1.88%.

Nevertheless, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

ARK Innovation ETF shows positive signs, other assets are also on par: Costco jumps 4.26% today and closed at $486.55. Intel went up by 5.84% today, and closed at $29. Netflix is trading around $378.88 after ending today's session at $359 (up 5.54% today).

ARK Innovation ETF has gained 29.05% since its lowest print of $29.64 earlier this year.