Stagnant ARKK peaks at $37.58 amid sluggish price action

Published: January 25 2023, 21:50 GMT+0

Stagnant ARKK peaks at $37.58 amid sluggish price action

Today at a glance: ARK Innovation ETF closed a flat day of trading at $37.51 today after ending yesterday 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 today 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 today, mixed performances were seen elsewhere as NextEra Energy tumbles 8.71% today and closed at $83.9. AT&T is trading around $20.42 after ending today's session at $19.16 (up 6.58% today). 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 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 projected to decline to 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

This year has been a bright one for ARK Innovation ETF after trading as low as $29.64 and going on to appreciate by 23.05% year to date.

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