Stagnant ARKK peaks at $37.58 amid sluggish price action

Published: January 26 2023, 05:21 GMT+0

Stagnant ARKK peaks at $37.58 amid sluggish price action

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

ARK Innovation ETF's state is reflected by market data as highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading 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. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

While ARK Innovation ETF was pretty flat yesterday, mixed performances were seen elsewhere as NextEra Energy is down to $76.59, losing $7.31, after ending the previous session around $83.9. AT&T skyrockets 6.58% yesterday and closed at $19.16. HDFC Bank Limited is down to $66.93, losing $4.51, after ending the previous session around $71.44.

Data to be released today might clear up some of the market fog as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of 0.1%. New data is set to be published 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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