Markets midday: SPY ETF down as oil and gold rise

Where prices stand

The SPY ETF, which tracks the S&P 500, fell 2.13% from the prior close to $750.44, the largest move, as of Nov 5, 15:15 UTC. The USO ETF, which tracks WTI Crude Oil, rose 1.38% from the prior close to $147.42. The GLD ETF, which tracks Gold, rose 1.11% from the prior close to $376.63. The UUP ETF, which tracks the US Dollar Index, rose 0.14% from the prior close to $28.94.

Trend check

WTI Crude Oil shows a neutral status with RSI(14) at 47.3 and a close of 99.64, versus a 50-day SMA of 98.25 and a longSma of 88.71; the last-day observation is 2026-11-03. No trend-signal data were available for the SPY ETF, the UUP ETF or the GLD ETF in this edition.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 4, 22:41 UTC); it is not a recommendation.

In the news

The Bank of England published its Monetary Policy Summary and Minutes headlined "Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutes" (Bank of England). CoinDesk reported "Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns" (CoinDesk). CNBC published analysis titled "Here's what the Democratic election rout could mean for the U.S. economy" (CNBC). Yahoo ran a piece titled "The Federal Reserve's Initial November Inflation Forecast Has Arrived, and Things Are Getting Downright Ugly for Wall Street" (Yahoo).

• Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutes — Bank of England, Nov 5, 12:00 UTC
• Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns — CoinDesk, Nov 5, 12:50 UTC
• Here's what the Democratic election rout could mean for the U.S. economy — CNBC, Nov 5, 12:11 UTC
• The Federal Reserve's Initial November Inflation Forecast Has Arrived, and Things Are Getting Downright Ugly for Wall Street — Yahoo, Nov 5, 09:26 UTC

What to watch

The Employment Situation is scheduled for Fri Nov 6, 13:30 UTC and is listed as high importance by bls; market participants will note that timing.

• Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)

Sources and data

• Bank of England (primary source) — Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutes
• CoinDesk (secondary source) — Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns
• CNBC (secondary source) — Here's what the Democratic election rout could mean for the U.S. economy
• Yahoo (secondary source) — The Federal Reserve's Initial November Inflation Forecast Has Arrived, and Things Are Getting Downright Ugly for Wall Street
• 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
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 5, 15:15 UTC; report generated Nov 5, 15:21 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.