Markets update: GLD ETF posts the largest single-session move; USO ETF shows five-session gain

Where prices stand

The GLD ETF, which tracks Gold, fell 0.54% from the prior close to $377.65; the SPY ETF, which tracks the S&P 500, rose 0.37% from the prior close to $769.32. The UUP ETF, which tracks the US Dollar Index, fell 0.34% from the prior close to $28.90, and the USO ETF, which tracks WTI Crude Oil, fell 0.12% from the prior close to $160.61. GLD's 0.54% fall was the largest single-session move among the tracked markets. Prices are as of Oct 20, 20:00 UTC per Finnhub.

Trend check

Finnhub shows WTI Crude Oil is bullish with RSI(14) 58.5; its close, SMA50 and long SMA are 101.91, 92.59 and 85.49, respectively. That places the close above both its 50-day and longer moving averages. No trend signals 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 Oct 19, 22:40 UTC); it is not a recommendation.

In the news

Reuters reported "Israel's Ben-Gvir poised for election gains as young voters turn to far right" and Reuters reported "Turkey submits Saudi-Pakistan defence pact to parliament for ratification, sources say." Yahoo published "The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price" and "Apple Expected to Report Fiscal Q4 Results In Line With Consensus, UBS Says."

• Israel's Ben-Gvir poised for election gains as young voters turn to far right — Reuters, Oct 20, 17:01 UTC
• The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price — Yahoo, Oct 20, 15:40 UTC
• Turkey submits Saudi-Pakistan defence pact to parliament for ratification, sources say — Reuters, Oct 20, 17:27 UTC
• Apple Expected to Report Fiscal Q4 Results In Line With Consensus, UBS Says — Yahoo, Oct 20, 15:47 UTC

What to watch

Weekly jobless claims (DOL) is scheduled Thu Oct 22 (time not confirmed), and University of Michigan consumer sentiment is scheduled Fri Oct 23 (time not confirmed).

• Thu Oct 22 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Fri Oct 23 (time not confirmed) — University of Michigan consumer sentiment (US) (source)

Sources and data

• Reuters (secondary source) — Israel's Ben-Gvir poised for election gains as young voters turn to far right
• Yahoo (secondary source) — The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price
• 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
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

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