Risk-on sentiment allowed PSQ to post 0.37% gain today

Published: January 25 2023, 21:55 GMT+0

Risk-on sentiment allowed PSQ to 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%).

On the flip side, United States Crude Oil Inventories published today at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure.

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. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

ProShares Short QQQ shows positive signs, other assets are also on par: notably, AT&T rose 6.58% today and closed at $19.16.

Meanwhile, after ending today's session at $83.9, NextEra Energy lost $7.31 and is trading around $76.59. HDFC Bank Limited is down to $66.93, losing $4.51, after ending the previous session around $71.44.

Also worthy of note, projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was 0.1%; data will be released tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States GDP will be released, with an expected decline to 2.6 from the preceding figure of 3.2. United States Initial Jobless Claims expected to decline to 205,000 while its preceding data was 190,000, data will be available tomorrow at 13:30 UTC.

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