Market update: USO leads moves as SPY and GLD rise

Where prices stand

All moves are from the prior close and prices are as of Nov 9, 21:00 UTC. The USO ETF (tracks WTI Crude Oil) was $142.66 and fell 3.87% from the prior close. The SPY ETF (tracks S&P 500; its price is NOT the S&P 500 level) was $752.69 and rose 2.37% from the prior close. The GLD ETF (tracks Gold; its price is NOT the Gold level) was $379.53 and rose 1.88% from the prior close. The UUP ETF (tracks US Dollar Index; its price is NOT the US Dollar Index level) was $28.97 and fell 0.55% from the prior close.

Trend check

WTI Crude Oil shows a neutral status with RSI(14) 47.3, last close 99.64, 50-day SMA 98.25 and longer SMA 88.71, presented as reference points only. These readings describe the recent technical position for WTI. Trend data was unavailable for the SPY ETF, UUP ETF and GLD ETF.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 8, 22:41 UTC); it is not a recommendation.

In the news

Thestockmarketwatch.com published a report describing a speech by Richmond Federal Reserve President Tom Barkin that warned of inflation risks and referenced Meta's unveiling of Muse Ember AI. Yahoo published a market update saying Wall Street's four main benchmarks started the week higher as inflation data nears.

• Fed’s Barkin Warns of Inflation Risks as Meta Unveils Muse Ember AI — thestockmarketwatch.com, Nov 9, 18:08 UTC
• Wall Street's Four Main Benchmarks Start the Week Higher as Inflation Data Nears — Yahoo, Nov 9, 16:46 UTC

What to watch

The Consumer Price Index, a high-importance US release, is scheduled for Tue Nov 10, 13:30 UTC. Weekly jobless claims (DOL), a medium-importance US release, is scheduled for Thu Nov 12 (time not confirmed).

• Tue Nov 10, 13:30 UTC — Consumer Price Index (US) (source)
• Thu Nov 12 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)

Sources and data

• thestockmarketwatch.com (secondary source) — Fed’s Barkin Warns of Inflation Risks as Meta Unveils Muse Ember AI
• Yahoo (secondary source) — Wall Street's Four Main Benchmarks Start the Week Higher as Inflation Data Nears
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar
• Bank of England (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 9, 21:00 UTC; report generated Nov 9, 21:10 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.