Stagnant ARKK peaks at $37.58 amid sluggish price action

Published: January 26 2023, 01:40 GMT+0

Stagnant ARKK peaks at $37.58 amid sluggish price action

Yesterday at a glance: ARK Innovation ETF closed a flat day of trading at $37.51 yesterday after ending Tuesday at $37.48.

This uncertain state for ARK Innovation ETF is reflected by published market data as United States Crude Oil Inventories fell short of the 971,000 projections, with new data of 533,000. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

While ARK Innovation ETF was pretty flat yesterday, mixed performances were seen elsewhere as NextEra Energy lost 8.71% yesterday and closed at $83.9. AT&T is trading around $20.42 after ending yesterday's session at $19.16 (up 6.58% today). HDFC Bank Limited lost 6.31% yesterday and closed at $71.44.

Data to be released today might clear up some of the market fog as 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 today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is scheduled for tomorrow at 13:30 UTC.

ARK Innovation ETF has managed to gain 23.17% so far this year despite trading at lows around $29.64 previously.

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