Market update: USO ETF leads gains while SPY ETF and GLD ETF rise

Where prices stand

The USO ETF, which tracks WTI Crude Oil, rose 1.62% from the prior close to $166.53. The SPY ETF, which tracks the S&P 500, rose 0.34% from the prior close to $772.31. The GLD ETF, which tracks Gold, rose 0.35% from the prior close to $373.57. The UUP ETF, which tracks the US Dollar Index, fell 0.21% from the prior close to $29.06. All prices are as of Oct 28, 20:00 UTC, according to Finnhub.

Trend check

WTI Crude Oil shows a bullish trend signal with RSI(14) 62.5; its close 107.89 is above SMA50 94.53 and longSma 86.42. Trend, RSI(14) and moving-average data were unavailable for the SPY ETF, the UUP ETF and the GLD ETF.

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 Federal Reserve issued an FOMC statement, according to the Federal Reserve. The Bank of England published a remit letter from the Chancellor to the Governor, according to the Bank of England. The U.S. Commodity Futures Trading Commission announced it will host a roundtable on 24/7 trading, according to the U.S. Commodity Futures Trading Commission. CNBC published an interview with bond investor Jeff Gundlach about the Fed's rate pause, according to CNBC.

• Federal Reserve issues FOMC statement — Federal Reserve, Oct 28, 18:00 UTC
• Remit for the Monetary Policy Committee - October 2026 — Bank of England, Oct 28, 14:16 UTC
• CFTC to Host Roundtable on 24/7 Trading — U.S. Commodity Futures Trading Commission, Oct 28, 17:00 UTC
• Bond investor Jeff Gundlach talks to CNBC about Fed's rate pause, Warsh reducing vote-setting meetings — CNBC, Oct 28, 19:05 UTC

What to watch

Personal income and outlays / PCE (BEA) is due Thu Oct 29 (time not confirmed); GDP (BEA) is due Thu Oct 29 (time not confirmed). Weekly jobless claims (DOL) is due Thu Oct 29 (time not confirmed). The ECB monetary policy decision is scheduled Thu Oct 29, 13:15 UTC. The Employment Cost Index is scheduled Fri Oct 30, 12:30 UTC.

• 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

• Federal Reserve (primary source) — Federal Reserve issues FOMC statement
• Bank of England (primary source) — Remit for the Monetary Policy Committee - October 2026
• U.S. Commodity Futures Trading Commission (primary source) — CFTC to Host Roundtable on 24/7 Trading
• CNBC (secondary source) — Bond investor Jeff Gundlach talks to CNBC about Fed's rate pause, Warsh reducing vote-setting meetings
• 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
• European Central Bank (euro reference rates) (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 28, 20:00 UTC; report generated Oct 28, 20:10 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.