Risk-on mood helps PSQ post 0.37% gain today

Published: January 25 2023, 23:06 GMT+0

Risk-on mood helps PSQ post 0.37% gain today

Today at a glance: with a daily low of $13.61, ProShares Short QQQ closed today at $13.65, after ending yesterday at $13.6 and gaining 5 cents (0.37%).

Nevertheless, highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading of 533,000.

Meanwhile, United States 5-Year Note Auction released today 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 added 6.58% and closed around $19.16 today.

Meanwhile, NextEra Energy lost 8.71% today and closed at $83.9. HDFC Bank Limited is down to $66.93, losing $4.51, after ending the previous session around $71.44.

Also worthy of note, tomorrow 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%. As things stand, upcoming United States GDP data is projected to fall short of market expectations with newly published data of 2.6, following on from the preceding figure of 3.2. New data is set to be published tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 205,000 from the preceding figure of 190,000.

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

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