USO ETF leads declines as SPY and GLD fall
USO ETF fell most at this midday London session; stocks and gold were lower while the dollar ticked up, as of Oct 29, 13:31 UTC.
Where prices stand
The USO ETF fell 1.35% to $164.32, leading declines; the GLD ETF fell 1.25% to $368.83. The SPY ETF fell 0.45% to $768.80, and the UUP ETF rose 0.17% to $29.11—all moves are from the prior close, as of Oct 29, 13:31 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $768.80 | -0.10% | -0.45% | Oct 29, 13:30 UTC | Finnhub |
| US Dollar Index (via UUP ETF) | $29.11 | +0.48% | +0.17% | Oct 29, 13:31 UTC | Finnhub |
| Gold (via GLD ETF) | $368.83 | -1.44% | -1.25% | Oct 29, 13:30 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $164.32 | -4.19% | -1.35% | Oct 29, 13:31 UTC | Finnhub |
Trend check
WTI Crude Oil is flagged bullish with RSI(14) 53.4. Its close is 103.37 versus SMA50 96.61 and longSma 87.62, presented here as reference points only.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 103.37 | 96.61 | 87.62 | 53.4 | bullish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 28, 22:40 UTC); it is not a recommendation.
In the news
The European Central Bank reported that ECB President Lagarde will step down on 7 February 2027. The Bank of England published a consultation on tokenised collateral in central clearing. CoinDesk reported bitcoin fell to $80,000 amid earnings and Fed dissent, and Reuters ran an explainer on breaking Israel's election deadlock.
- ECB President Lagarde to step down on 7 February 2027 — European Central Bank, Oct 29, 10:00 UTC (also reported by Cointelegraph)
- Bank of England sets out approach to tokenised collateral in central clearing — Bank of England, Oct 29, 10:00 UTC
- Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump — CoinDesk, Oct 29, 11:11 UTC
- Explainer: How could Israel break the election deadlock? — Reuters, Oct 29, 09:55 UTC
What to watch
The Employment Cost Index, from bls, is scheduled for Fri Oct 30, 12:30 UTC.
- Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)
Sources and data
- European Central Bank (primary source) — ECB President Lagarde to step down on 7 February 2027
- Bank of England (primary source) — Bank of England sets out approach to tokenised collateral in central clearing
- CoinDesk (secondary source) — Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump
- Reuters (secondary source) — Explainer: How could Israel break the election deadlock?
- 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
Market data as of Oct 29, 13:31 UTC; report generated Oct 29, 13:31 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.
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
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
- European Central Bank (primary, retrieved Oct 29, 2026, 01:35 PM UTC)
- Bank of England (primary, retrieved Oct 29, 2026, 01:35 PM UTC)
- CoinDesk (secondary, retrieved Oct 29, 2026, 01:35 PM UTC)
- Reuters (secondary, retrieved Oct 29, 2026, 01:35 PM UTC)
- Finnhub (market-data, retrieved Oct 29, 2026, 01:35 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 29, 2026, 01:35 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 29, 2026, 01:35 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 29, 2026, 01:35 PM UTC)
- Federal Reserve (primary, retrieved Oct 29, 2026, 01:35 PM UTC)
Market data as of Oct 29, 2026, 01:31 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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