Oct 16 market update: SPY ETF little changed as USO ETF falls
At 15:00 UTC, the USO ETF led moves, falling 0.50% from the prior close while the SPY ETF was little changed and UUP and GLD moved modestly.
Where prices stand
As of Oct 16, 15:00 UTC the USO ETF (tracks WTI Crude Oil) fell 0.50% from the prior close to $156.52, the largest move among the tracked markets. The SPY ETF (tracks S&P 500) was little changed from the prior close at $771.45. The UUP ETF (tracks US Dollar Index) fell 0.34% from the prior close to $28.90. The GLD ETF (tracks Gold) rose 0.24% from the prior close to $383.63.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $771.45 | -0.28% | -0.04% | Oct 16, 15:00 UTC | Finnhub |
| US Dollar Index (via UUP ETF) | $28.90 | +0.07% | -0.34% | Oct 16, 14:59 UTC | Finnhub |
| Gold (via GLD ETF) | $383.63 | +1.08% | +0.24% | Oct 16, 15:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $156.52 | +7.25% | -0.50% | Oct 16, 15:00 UTC | Finnhub |
Trend check
WTI Crude Oil shows a bullish trend with RSI(14) at 58.5; last reported close 101.91, 50-day SMA 92.59 and long SMA 85.49. Trend data was unavailable for the SPY ETF, the UUP ETF and the GLD ETF for this edition.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 101.91 | 92.59 | 85.49 | 58.5 | bullish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 15, 22:40 UTC); it is not a recommendation.
In the news
The Bank of England published "Banknote imagery advisory group minutes – 15 July 2026," a meeting minutes item, according to the Bank of England. Forexlive reported Eurozone September final CPI at +3.8% y/y. Yahoo reported that US stock futures edged higher as Fed Chair Warsh avoided rate guidance and Tesla unveiled a new Roadster.
- Banknote imagery advisory group minutes – 15 July 2026 — Bank of England, Oct 16, 11:00 UTC
- Eurozone September final CPI +3.8% vs +3.8% y/y prelim — Forexlive, Oct 16, 09:00 UTC
- US Stock Futures Edge Higher as Fed Chair Warsh Avoids Rate Guidance and Tesla Unveils New Roadster: Dow Jones, S&P, Nasdaq, Wall Street — Yahoo, Oct 16, 09:12 UTC
- UK bank shares fall on report of potential tax hike in Oct. 28 budget — Yahoo, Oct 16, 09:09 UTC
Sources and data
- Bank of England (primary source) — Banknote imagery advisory group minutes – 15 July 2026
- Forexlive (secondary source) — Eurozone September final CPI +3.8% vs +3.8% y/y prelim
- Yahoo (secondary source) — US Stock Futures Edge Higher as Fed Chair Warsh Avoids Rate Guidance and Tesla Unveils New Roadster: Dow Jones, S&P, Nasdaq, Wall Street
- Finnhub (market data) — market data
- U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
- Federal Reserve (primary source) — calendar
- 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 16, 15:00 UTC; report generated Oct 16, 15:00 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.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
US Dollar Index (DXY)
An index of the US dollar's value against a basket of six currencies: the euro (the largest weight, about 58%), Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
Sources & data
- Bank of England (primary, retrieved Oct 16, 2026, 03:03 PM UTC)
- Forexlive (secondary, retrieved Oct 16, 2026, 03:03 PM UTC)
- Yahoo (secondary, retrieved Oct 16, 2026, 03:03 PM UTC)
- Finnhub (market-data, retrieved Oct 16, 2026, 03:03 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 16, 2026, 03:03 PM UTC)
- Federal Reserve (primary, retrieved Oct 16, 2026, 03:03 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 16, 2026, 03:03 PM UTC)
- European Central Bank (euro reference rates) (primary, retrieved Oct 16, 2026, 03:03 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 16, 2026, 03:03 PM UTC)
Market data as of Oct 16, 2026, 03:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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