Market update: USO ETF leads gains; SPY and GLD mixed
USO ETF rose 3.31% from the prior close while GLD ETF fell 0.56%; SPY ETF and UUP ETF were mixed as of Oct 28, 16:16 UTC, according to Finnhub.
Where prices stand
The USO ETF rose 3.31% from the prior close to $169.31. The GLD ETF fell 0.56% from the prior close to $370.20. The SPY ETF rose 0.21% from the prior close to $771.29. The UUP ETF was little changed from the prior close at $29.12, as of Oct 28, 16:16 UTC, according to Finnhub.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $771.29 | +0.08% | +0.21% | Oct 28, 16:16 UTC | Finnhub |
| US Dollar Index (via UUP ETF) | $29.12 | +0.76% | 0.00% | Oct 28, 16:16 UTC | Finnhub |
| Gold (via GLD ETF) | $370.20 | -1.42% | -0.56% | Oct 28, 16:16 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $169.31 | +13.10% | +3.31% | Oct 28, 16:16 UTC | Finnhub |
Trend check
WTI Crude Oil shows a bullish status with RSI(14) at 62.5; the last close is 107.89, above the 50-day SMA 94.53 and the longSma 86.42. No RSI or moving-average signals were provided for the SPY ETF, UUP ETF or GLD ETF in this edition.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 107.89 | 94.53 | 86.42 | 62.5 | bullish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 27, 22:41 UTC); it is not a recommendation.
In the news
The Bank of England published a letter titled "Remit for the Monetary Policy Committee - October 2026," described as a letter from the Chancellor to the Governor, Bank of England. Reuters reported that Brazil's Flavio Bolsonaro arrives in US after election defeat. CoinDesk ran a Fed preview titled "Dissent and more: 3 things to watch for at the Fed meeting" and live updates headlined "Bitcoin climbs above $81,000 as majors rally ahead of Fed decision."
- Remit for the Monetary Policy Committee - October 2026 — Bank of England, Oct 28, 14:16 UTC
- Brazil's Flavio Bolsonaro arrives in US after election defeat — Reuters, Oct 28, 13:41 UTC
- Dissent and more: 3 things to watch for at the Fed meeting — CoinDesk, Oct 28, 11:57 UTC
- Live updates: Bitcoin climbs above $81,000 as majors rally ahead of Fed decision — CoinDesk, Oct 28, 11:23 UTC
What to watch
The FOMC rate decision is scheduled for Wed Oct 28, 18:00 UTC. Personal income and outlays / PCE (BEA) is scheduled for Thu Oct 29 (time not confirmed). GDP (BEA) is scheduled for Thu Oct 29 (time not confirmed). The ECB monetary policy decision is scheduled for Thu Oct 29, 13:15 UTC. The Employment Cost Index is scheduled for Fri Oct 30, 12:30 UTC.
- Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)
- Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
- Thu Oct 29, 13:15 UTC — ECB monetary policy decision (EU) (source)
- Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)
Sources and data
- Bank of England (primary source) — Remit for the Monetary Policy Committee - October 2026
- Reuters (secondary source) — Brazil's Flavio Bolsonaro arrives in US after election defeat
- CoinDesk (secondary source) — Dissent and more: 3 things to watch for at the Fed meeting
- Finnhub (market data) — market data
- U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
- Federal Reserve (primary source) — calendar
- U.S. Energy Information Administration via FRED (primary source) — calendar
- European Central Bank (euro reference rates) (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
Market data as of Oct 28, 16:16 UTC; report generated Oct 28, 16:21 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.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
US Dollar Index (DXY)
An index of the US dollar's value against a basket of six currencies: the euro (the largest weight, about 58%), Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
Sources & data
- Bank of England (primary, retrieved Oct 28, 2026, 04:26 PM UTC)
- Reuters (secondary, retrieved Oct 28, 2026, 04:26 PM UTC)
- CoinDesk (secondary, retrieved Oct 28, 2026, 04:26 PM UTC)
- Finnhub (market-data, retrieved Oct 28, 2026, 04:26 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 28, 2026, 04:26 PM UTC)
- Federal Reserve (primary, retrieved Oct 28, 2026, 04:26 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 28, 2026, 04:26 PM UTC)
- European Central Bank (euro reference rates) (primary, retrieved Oct 28, 2026, 04:26 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 28, 2026, 04:26 PM UTC)
Market data as of Oct 28, 2026, 04:16 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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