---
title: "Weekly Recap | USGG.US -31.02%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302163054.md"
description: "USGG.US fell 31.02% this week to close at $2.19. The S&P 500 dropped 1.95%, leaving the ETF about 29.07 percentage points behind. The move was a one-way slide with a late-week rebound attempt: Monday opened at $3.10, the week’s high, and closed at $2.805. Tuesday extended the decline, Wednesday hit a low of $2.040, Thursday rebounded to $2.430, and Friday slipped back to $2.19. Weekly amplitude was 38.71%, with the range at $1.90 to $3.10."
datetime: "2026-10-17T05:08:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302163054.md)
  - [en](https://longbridge.com/en/news/302163054.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302163054.md)
generator: "portal-rs"
---

# Weekly Recap | USGG.US -31.02%, closing in on record highs

## The Week

USGG.US fell 31.02% this week to close at $2.19. The S&P 500 dropped 1.95%, leaving the ETF about 29.07 percentage points behind. The move was a one-way slide with a late-week rebound attempt: Monday opened at $3.10, the week’s high, and closed at $2.805. Tuesday extended the decline, Wednesday hit a low of $2.040, Thursday rebounded to $2.430, and Friday slipped back to $2.19. Weekly amplitude was 38.71%, with the range at $1.90 to $3.10.

## Sector News

Rare earths dominated the week’s headlines. Monday’s news compared USA Rare Earth’s $2.8 billion Brazil deal with its $1.2 billion South Carolina bet; Wednesday’s report said rare earths stocks extended their slide and eyed a 52-week low; Thursday’s piece suggested America’s rare earth push could create opportunities for several names. The Nasdaq shed over 500 points on Thursday, its worst day since July. As a 2x daily leveraged product on USAR, USGG.US amplified the combined drag from the sector and the broader market, with prices briefly near $1.90, the low end of its 60-day range.

## The Week Ahead

The macro calendar is busy. Monday brings the US NAHB housing market index, prior and forecast both at 32. Tuesday has housing starts annualised at 1.275 prior and 1.305 forecast, and building permits at 1.403 prior and 1.395 forecast. Wednesday’s EIA weekly reports cover crude oil inventories, prior -8.557, and Cushing inventories, prior 1.862. Rare earths remain sensitive to policy narratives and overall risk appetite, so follow-up news will matter as much as the data.

## In Short

USGG.US posted a large weekly drop on elevated volume: average daily turnover ran about 154% above the median, reflecting heavy trading in a leveraged instrument. Turnover rate on the latest snapshot was 53.11%. In the most recent session, large-lot money was a small net buyer, mid-lot a net seller, and small-lot a modest net buyer. With the price near the bottom of its 60-day range, the next test is whether the rare earth story stabilises, risk appetite recovers, and the dense macro week reprices sector sentiment.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [USGG.US](https://longbridge.com/en/quote/USGG.US.md)

## Related News & Research

- [USA Rare Earth Director Michael Blitzer Receives 5,054 Shares as Restricted Stock Units Vest](https://longbridge.com/en/news/305379362.md)
- [USA Rare Earth Has Started Selling Magnets. But There’s a Catch Investors Should Know](https://longbridge.com/en/news/305037815.md)
- [USA Rare Earth posts first sales after Serra Verde acquisition](https://longbridge.com/en/news/304909020.md)
- [USAR: Serra Verde shipments and first magnet sales launch a $1.2 billion-funded supply-chain buildout](https://longbridge.com/en/news/304923096.md)
- [USA Rare Earth Names Thras Moraitis CEO, Succeeding Barbara Humpton](https://longbridge.com/en/news/304910074.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**