Stagnant ARKK peaks at $37.58 amid sluggish price action

Published: January 26 2023, 06:45 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.

ARK Innovation ETF's state is reflected by market data as United States Crude Oil Inventories published yesterday 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. 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 lost 8.71% yesterday and closed at $83.9. AT&T explodes 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%, having previously been at -4%. The figure will be published 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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