Warner Bros gains 8.59% within $13.18 to $14.73 daily range

Published: January 26 2023, 01:00 GMT+0

Warner Bros gains 8.59% within $13.18 to $14.73 daily range

A quick look at yesterday: after ending Tuesday at $13.38, the US mass media and entertainment conglomerate spiked to $14.73 and closed yesterday at $14.53 — gaining 8.59% overall.

On the flip side, Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million.

At the same time, 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.

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as 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.

Furthermore, the market is looking at United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was 0.1%, data will be available today at 13:30 UTC.

Also worthy of note, United States Core PCE Price Index (MoM) (Dec) is scheduled for tomorrow at 13:30 UTC.

Warner Bros. Discovery hit a significant low of $8.87 around 29 days ago, but has since recovered 50.85%.