Market update: SPY and GLD fall; dollar and oil rise

Where prices stand

The GLD ETF was $375.48 and fell 1.62% from the prior close, the largest move among tracked markets. The SPY ETF was $767.29 and fell 1.38% from the prior close. The UUP ETF was $29.14 and rose 0.41% from the prior close, while the USO ETF was $153.56 and rose 0.31% from the prior close. All prices are as of Oct 14, 19:01 UTC, according to Finnhub.

Trend check

WTI Crude Oil is listed as neutral with RSI(14) 51.3; its close 96.24 sits above its 50-day SMA 90.67 and long SMA 84.25. Trend data for the SPY ETF, UUP ETF and GLD ETF were unavailable in the trend signals for this update.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 13, 22:40 UTC); it is not a recommendation.

In the news

The U.S. Securities and Exchange Commission announced a meeting of its Small Business Capital Formation Advisory Committee to discuss IPO modernization and regulation crowdfunding (U.S. Securities and Exchange Commission). Reuters reported that US consumer prices accelerated in September on costlier gasoline and that core CPI was firmer (Reuters). Yahoo published a piece headlined "SOXX Heads For 7th Straight Losing Session As Inflation, AI Spending Fears Deepen — Chip Stocks Face $1 Trillion Wipeout", and Reuters ran a separate story reporting that Netanyahu said he is not seeking to attack Iran again before Israel election (Yahoo; Reuters).

• SEC Small Business Advisory Committee to Discuss IPO Modernization and Regulation Crowdfunding — U.S. Securities and Exchange Commission, Oct 14, 14:30 UTC
• US consumer prices accelerate in September on costlier gasoline; core CPI firmer — Reuters, Oct 14, 13:12 UTC
• SOXX Heads For 7th Straight Losing Session As Inflation, AI Spending Fears Deepen — Chip Stocks Face $1 Trillion Wipeout — Yahoo, Oct 14, 17:43 UTC
• Netanyahu says he is not seeking to attack Iran again before Israel election — Reuters, Oct 14, 13:05 UTC

What to watch

Retail sales (Census) is scheduled Thu Oct 15 (time not confirmed); Weekly jobless claims (DOL) is scheduled Thu Oct 15 (time not confirmed); Producer Price Index is scheduled Thu Oct 15, 12:30 UTC.

• Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)
• Thu Oct 15 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Thu Oct 15, 12:30 UTC — Producer Price Index (US) (source)

Sources and data

• U.S. Securities and Exchange Commission (primary source) — SEC Small Business Advisory Committee to Discuss IPO Modernization and Regulation Crowdfunding
• Reuters (secondary source) — US consumer prices accelerate in September on costlier gasoline; core CPI firmer
• Yahoo (secondary source) — SOXX Heads For 7th Straight Losing Session As Inflation, AI Spending Fears Deepen — Chip Stocks Face $1 Trillion Wipeout
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Energy Information Administration via FRED (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• Bank of England (primary source) — calendar

Market data as of Oct 14, 19:01 UTC; report generated Oct 14, 19:01 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.