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

Published: May 27 2023, 01:10 GMT+0

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

A quick look at yesterday: 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, 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.

At the same time, 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 Costco soars 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 went up by 5.54% yesterday, and closed at $378.88.

This year has been a bright one for ARK Innovation ETF after trading as low as $29.64 and going on to appreciate by 29.05% year to date.

Back