Risk-on mood helps ARKK post 1.88% gain yesterday

Published: May 27 2023, 00:06 GMT+0

Risk-on mood helps ARKK post 1.88% gain yesterday

A quick look at yesterday: ARK Innovation ETF went up to $39.1 yesterday, gaining 1.88%.

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

Meanwhile, 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 is trading around $507.26 after ending yesterday's session at $486.55 (up 4.26% today). Intel added 5.84% and closed around $27.4 yesterday. Netflix jumps 5.54% yesterday and closed at $359.

ARK Innovation ETF has managed to gain 29.05% so far this year despite trading at lows around $29.64 previously.