Risk-on mood helps ARKK post 1.88% gain yesterday

Published: May 27 2023, 09:40 GMT+0

Risk-on mood helps ARKK post 1.88% gain yesterday

Yesterday at a glance: with a daily low of $38.38, ARK Innovation ETF closed yesterday at $39.1, after ending Thursday at $38.38 and gaining 72 cents (1.88%).

On the flip side, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

At the same time, 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.

Other markets are also showing gains as Costco added 4.26% and closed around $486.55 yesterday. Notably, Intel rose 5.84% yesterday and closed at $27.4. Netflix went up by 5.54% yesterday, and closed at $378.88.

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