Stagnant ARKK peaks at $37.58 amid sluggish price action

Published: January 25 2023, 23:31 GMT+0

Stagnant ARKK peaks at $37.58 amid sluggish price action

A quick look at today: ARK Innovation ETF closed a flat day of trading at $37.51 today after ending yesterday at $37.48.

Uncertainty around ARK Innovation ETF is reflected by published market data as data from United States concerning Crude Oil Inventories was released today at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 8.41 million to 533,000 this month. 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 came out at 4.27 million.

While ARK Innovation ETF was pretty flat today, mixed performances were seen elsewhere as after ending today's session at $83.9, NextEra Energy lost $7.31 and is trading around $76.59. AT&T went up by 6.58% today, and closed at $20.42. HDFC Bank Limited lost 6.31% today and closed at $71.44.

Data to be released tomorrow might clear up some of the market fog as United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was 0.1%, data will be available tomorrow at 13:30 UTC. United States GDP projected to come out at 2.6 — worse than previous data of 3.2; data will be released tomorrow at 13:30 UTC. United States Initial Jobless Claims projected to decline to 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

ARK Innovation ETF has gained 23.17% since its lowest print of $29.64 earlier this year.

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