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June 22, 2023
While bearish sentiment is dominating the market, the enterprise IT company is maintaining its poise around $121 while ranging between $120.76 and $122.59 so far today.
United States's Crude Oil Inventories new data released of -3.83 million below its previous figure.
Following a previous reading of 7.92 million, Crude Oil Inventories in United States released today at 15:00 UTC fell short of the 1.87 million figure expected by analysts with an actual reading of -3.83 million. New United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).
While price action maintains a negative bias, United States Existing Home Sales (May) came out at 4.3 million, while a consensus of analysts was expecting 4.25 million.
In the meantime, negative performances are also seen in other technology stocks as after closing the previous session (yesterday) at $313.2, Accenture plc Class A (Ireland) lost $9.2 and is trading around $304. After closing the previous session (yesterday) at $133.69, IBM lost $2.8 and is trading around $130.89.
Positive performances can be seen by looking at other technology stocks as Apple is trading at $186.53 after ending yesterday's session at $183.96 (up 1.4%).
Furthermore, United States Services PMI figure is projected at 54. It previously stood at 54.9; data will be released tomorrow at 13:45 UTC.
The stock has been trending positively for about 3 months. 7 days ago the enterprise IT company reached a significant high of $126.55 but has consequently lost 3.52% since then.
