Oct 20 markets: USO ETF leads declines as SPY ETF edges higher

Where prices stand

The USO ETF fell 0.72% to $159.66, the largest move among tracked markets. The SPY ETF rose 0.42% to $769.70. The GLD ETF fell 0.43% to $378.07. The UUP ETF fell 0.24% to $28.93. All moves are from the prior close, as of Oct 20, 18:00 UTC, according to Finnhub.

Trend check

Trend signals classify WTI Crude Oil as bullish with an RSI(14) of 58.5; the reported close 101.91 sits above the 50-day SMA 92.59 and the long SMA 85.49. No other instruments listed trend signals 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

The U.S. Securities and Exchange Commission issued a press release announcing a supervisory MOU with the French AMF, according to the U.S. Securities and Exchange Commission. The U.S. Securities and Exchange Commission also issued a press release on convening the Autumn SEC–FSA Financial Regulatory Dialogue in Tokyo, per the U.S. Securities and Exchange Commission. Yahoo published an article on AI spending and potential Fed implications. Reuters reported that Turkey submitted a Saudi–Pakistan defence pact to parliament for ratification.

• SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers — U.S. Securities and Exchange Commission, Oct 20, 13:25 UTC
• SEC, FSA Hold Autumn Financial Regulatory Dialogue — U.S. Securities and Exchange Commission, Oct 20, 12:51 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, 14:07 UTC

What to watch

Weekly jobless claims (DOL) is scheduled Thu Oct 22 (time not confirmed). 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

• U.S. Securities and Exchange Commission (primary source) — SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
• Yahoo (secondary source) — The $1 Trillion AI Spending Boom Could Force the Fed to Raise Rates — and You and I May Pay the Price
• Reuters (secondary source) — Turkey submits Saudi-Pakistan defence pact to parliament for ratification, sources say
• 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, 18:00 UTC; report generated Oct 20, 18:10 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.