USO ETF leads losses as SPY ETF rises in late US trading

Where prices stand

Finnhub shows the USO ETF (tracks WTI Crude Oil) fell 0.78% from the prior close to $159.56 as of Oct 20, 16:01 UTC. The SPY ETF (tracks S&P 500; its price is NOT the S&P 500 level) rose 0.45% from the prior close to $769.95. The UUP ETF (tracks US Dollar Index; its price is NOT the US Dollar Index level) fell 0.28% from the prior close to $28.92. The GLD ETF (tracks Gold; its price is NOT the Gold level) fell 0.28% from the prior close to $378.61.

Trend check

WTI Crude Oil shows a bullish status with RSI(14) 58.5. Its close of 101.91 sits above the 50-day simple moving average 92.59 and the longer-term SMA 85.49.

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 published a press release announcing a Memorandum of Understanding with the French Autorité des Marchés Financiers to facilitate consultation and information‑sharing. The U.S. Securities and Exchange Commission also said it convened the Autumn SEC–FSA Financial Regulatory Dialogue in Tokyo, while CoinDesk reported that France's parliament approved a vote to hit stablecoin trades with a 31% capital gains tax, and Yahoo published an article headlined "Inflation Is Back. Is A Stock Market Crash Next?"

• 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
• France's parliament approves vote to hit stablecoin trades with 31% capital gains tax — CoinDesk, Oct 20, 11:25 UTC
• Inflation Is Back. Is A Stock Market Crash Next? — Yahoo, Oct 20, 11:49 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

• U.S. Securities and Exchange Commission (primary source) — SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
• CoinDesk (secondary source) — France's parliament approves vote to hit stablecoin trades with 31% capital gains tax
• Yahoo (secondary source) — Inflation Is Back. Is A Stock Market Crash Next?
• 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, 16:01 UTC; report generated Oct 20, 16:10 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.