The Nasdaq index sheds 34.27 points (-0.18%) as market bears take the reigns

Published: January 25 2023, 23:36 GMT+0

The Nasdaq index sheds 34.27 points (-0.18%) as market bears take the reigns

Today at a glance: overall, Nasdaq shed around 34.27 points or 0.18% and ended today's session at 11,300.

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.

Amid the market gloom, 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.

In the meantime, negative performances are also seen in other markets, ASX 200 is down to 7,468.3, losing 22.1 points, after ending the previous session around 7,490.4.

Positive performances can be seen by looking at other markets as KOSPI Composite Index is trading around 2,428.57 after ending today's session at 2,395.26 (up 1.39% today). Hang Seng went up by 1.82% today, and closed at 22,045.

Looking ahead, ongoing depreciation may be prolonged as United States Core Durable Goods Orders projected to decline to -0.2% while previous data was 0.1%; data will be released tomorrow at 13:30 UTC. Projections for United States GDP are set for a continuation of decline with 2.6 while previous data was 3.2; data will be released tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 205,000 from the preceding figure of 190,000.

The Nasdaq has recovered 11% since descending to a significant low of 10,200 around 28 days ago.

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