USO ETF leads gains as SPY ETF falls
As of Oct 16, 17:00 UTC, the USO ETF led moves higher while the SPY ETF and GLD ETF fell and the UUP ETF was little changed.
Where prices stand
As of Oct 16, 17:00 UTC, the largest move was the USO ETF, which rose 2.36% from the prior close to $161.03. The SPY ETF fell 0.70% from the prior close to $766.35. The GLD ETF fell 0.32% from the prior close to $381.49. The UUP ETF was little changed from the prior close at $28.99. Prices and moves are from Finnhub.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $766.35 | -0.28% | -0.70% | Oct 16, 17:00 UTC | Finnhub |
| US Dollar Index (via UUP ETF) | $28.99 | +0.07% | -0.03% | Oct 16, 17:00 UTC | Finnhub |
| Gold (via GLD ETF) | $381.49 | +1.08% | -0.32% | Oct 16, 17:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $161.03 | +7.25% | +2.36% | Oct 16, 17:00 UTC | Finnhub |
Trend check
WTI Crude Oil is listed as bullish with RSI(14) at 58.5; the close at 101.91 sits above the 50-day SMA at 92.59 and the longer SMA at 85.49, per Finnhub. RSI and moving-average data were unavailable for the SPY ETF, GLD ETF and UUP ETF in this update.
| 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
Yahoo published an article reporting JPMorgan Chase CEO Jamie Dimon warns that inflation, rising asset prices, and more "Continue to Shift Under the Surface." Cointelegraph reported a piece titled "Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints." Yahoo published an article reporting Nvidia and Apple donate millions for a planned White House project.
- JPMorgan Chase CEO Jamie Dimon Warns That Inflation, Rising Asset Prices, and More "Continue to Shift Under the Surface." — Yahoo, Oct 16, 14:43 UTC
- Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints — Cointelegraph, Oct 16, 15:45 UTC
- Nvidia and Apple Donate Millions for Planned White House Project — Yahoo, Oct 16, 13:55 UTC
Sources and data
- Yahoo (secondary source) — JPMorgan Chase CEO Jamie Dimon Warns That Inflation, Rising Asset Prices, and More "Continue to Shift Under the Surface."
- Cointelegraph (secondary source) — Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints
- 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
- Bank of England (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
Market data as of Oct 16, 17:00 UTC; report generated Oct 16, 17:10 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.
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.
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.
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.
Sources & data
- Yahoo (secondary, retrieved Oct 16, 2026, 05:13 PM UTC)
- Cointelegraph (secondary, retrieved Oct 16, 2026, 05:13 PM UTC)
- Finnhub (market-data, retrieved Oct 16, 2026, 05:13 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 16, 2026, 05:13 PM UTC)
- Federal Reserve (primary, retrieved Oct 16, 2026, 05:13 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 16, 2026, 05:13 PM UTC)
- European Central Bank (euro reference rates) (primary, retrieved Oct 16, 2026, 05:13 PM UTC)
- Bank of England (primary, retrieved Oct 16, 2026, 05:13 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 16, 2026, 05:13 PM UTC)
Market data as of Oct 16, 2026, 05:00 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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