Markets at Nov 4, 21:00 UTC: SPY and GLD up, USO down

Where prices stand

The USO ETF, which tracks WTI crude, fell 8.07% from the prior close to $145.41, the largest move among tracked markets. The GLD ETF, which tracks Gold, rose 3.68% from the prior close to $372.49. The SPY ETF, which tracks the S&P 500, rose 1.65% from the prior close to $766.82. The UUP ETF, which tracks the US Dollar Index, fell 0.38% from the prior close to $28.90. All prices are as of Nov 4, 21:00 UTC, per Finnhub.

Trend check

WTI Crude Oil is flagged bullish with RSI(14) 53.4. Its reported close 103.37 sits above the 50-day SMA 96.61 and the longSma 87.62.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 3, 22:40 UTC); it is not a recommendation.

In the news

The U.S. Securities and Exchange Commission reported it adopted amendments updating definitions of small entities for investment companies and advisers (U.S. Securities and Exchange Commission). Reuters reported the US imposed sanctions on Indian and Turkish firms and people for aiding Iran (Reuters). CNBC published pieces on a post-election split in the AI trade and on Jim Cramer saying a bank stock is a buy after its post-election pullback (CNBC).

• SEC Adopts Amendments to Update Definitions of Small Entity for Investment Companies and Investment Advisers — U.S. Securities and Exchange Commission, Nov 4, 16:28 UTC
• US slaps sanctions on Indian, Turkish firms and people for aiding Iran — Reuters, Nov 4, 19:36 UTC
• The post-election rally masks a sharp split in the AI trade. Who stands to win? — CNBC, Nov 4, 19:21 UTC
• Jim Cramer says this bank stock is a buy after its post-election pullback — CNBC, Nov 4, 16:54 UTC

What to watch

Bank of England rate decision and Monetary Policy Report is scheduled Thu Nov 5, 12:00 UTC, Bank of England. Weekly jobless claims (DOL) is scheduled Thu Nov 5 (time not confirmed), via FRED. Productivity and Costs is scheduled Thu Nov 5, 13:30 UTC, BLS. Employment Situation is scheduled Fri Nov 6, 13:30 UTC, BLS.

• Thu Nov 5, 12:00 UTC — Bank of England rate decision and Monetary Policy Report (GB) (source)
• Thu Nov 5 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Thu Nov 5, 13:30 UTC — Productivity and Costs (US) (source)
• Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)

Sources and data

• U.S. Securities and Exchange Commission (primary source) — SEC Adopts Amendments to Update Definitions of Small Entity for Investment Companies and Investment Advisers
• Reuters (secondary source) — US slaps sanctions on Indian, Turkish firms and people for aiding Iran
• CNBC (secondary source) — The post-election rally masks a sharp split in the AI trade. Who stands to win?
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• Bank of England (primary source) — calendar
• 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

Market data as of Nov 4, 21:00 UTC; report generated Nov 4, 21:11 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.