Risk-on sentiment allowed ARKK to post 1.88% gain yesterday

Published: May 27 2023, 01:56 GMT+0

Risk-on sentiment allowed ARKK to post 1.88% gain yesterday

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

Nevertheless, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 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 notably, Costco rose 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). Netflix is trading around $378.88 after ending yesterday's session at $359 (up 5.54% today).

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

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