Chip stocks, oil sink in the aftermath of Democratic election sweep
Published . Updated .
Covered by 4 outlets: Reuters, Euronext Markets: Real-time Stock Market Data | live, Central Oregon Daily, TradingView.
Who covered it: Center 1 · Not rated 3. How we rate outlets
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SINGAPORE, Nov 5 (Reuters) - Oil, chip stocks and the dollar were under pressure in Asia on Thursday and just about everything else was up after US voters swept the
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- UUP Invesco DB US Dollar Index Bullish Fund+1.9% 30d
Invesco DB US Dollar Index Bullish Fund: it tracks currencies. Linked by “the dollar” (currencies) in this story.
- AAXJ iShares MSCI All Country Asia ex Japan ETF-7.7% 14d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”).
- EWS iShares MSCI Singapore ETF
iShares MSCI Singapore ETF holds stocks listed in Singapore, which this story is about (“singapore”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +15.71% | +7.84% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| SMH | +11.33% | +0.71% | base | after close | after close | after close | after close |
| UUPNo price data for this ticker | — | — | — | — | — | — | — |
| AAXJNo price data for this ticker | — | — | — | — | — | — | — |
| EWSNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | +8.08% | +6.08% | base | after close | after close | after close | after close |
| CVX | +6.66% | +5.01% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Chip stocks, oil sink in the aftermath of Democratic election sweep Reuters
Source: Reuters
Energy
| Company | When | Move | Status |
|---|---|---|---|
| CVX | three days earlier | +5.01% | final price |
| CVX | five days earlier | +6.66% | final price |
| SMH | three days earlier | +0.71% | final price |
| SMH | five days earlier | +11.33% | final price |
| USO | three days earlier | +7.84% | final price |
| USO | five days earlier | +15.71% | final price |
| XLE | three days earlier | +5.85% | final price |
| XLE | five days earlier | +8.14% | final price |
| XOM | three days earlier | +6.08% | final price |
| XOM | five days earlier | +8.08% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 66 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 43 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
50 out of 100
“Chip stocks, oil sink in the aftermath of Democratic election sweep” scores 50 out of 100. The score uses 4 sources.