Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say
Published . Updated .
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Global companies said Democrats' capture of Congress is unlikely to change their near-term outlook, as businesses struggle with higher costs.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- CAT Caterpillar-23.2% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-0.6% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+12.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike+6.7% 30d
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLI | +0.40% | +0.18% | base | after close | after close | after close | after close |
| XRT | -5.03% | -3.40% | base | after close | after close | after close | after close |
| CAT | +9.45% | +3.80% | base | after close | after close | after close | after close |
| DE | -2.37% | -1.28% | base | after close | after close | after close | after close |
| WMT | -6.18% | -1.18% | base | after close | after close | after close | after close |
| NKE | -5.11% | -3.36% | 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.
Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say Maryland Daily Record
Source: Maryland Daily Record
How far Deere (DE) has moved since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | three days earlier | +3.80% | final price |
| Caterpillar (CAT) | five days earlier | +9.45% | final price |
| Deere (DE) | three days earlier | -1.28% | final price |
| Deere (DE) | five days earlier | -2.37% | final price |
| Nike (NKE) | three days earlier | -3.36% | final price |
| Nike (NKE) | five days earlier | -5.11% | final price |
| Walmart (WMT) | three days earlier | -1.18% | final price |
| Walmart (WMT) | five days earlier | -6.18% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | +0.18% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | +0.40% | final price |
| Spdr Series Trust (XRT) | three days earlier | -3.40% | final price |
| Spdr Series Trust (XRT) | five days earlier | -5.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 37 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 69 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 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).
Who gains and who loses around Deere (DE)
Companies carried with this story
- DE Deere
For “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NKE Nike
For “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say,” Nike (NKE) is linked, with no stored direction, medium confidence. Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- XLI Select Sector Spdr Tr
For “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- XRT Spdr Series Trust
Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say.” Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Deere (DE)
The 4 Nov 2026 story “Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say” names Deere (DE) because of this story.
What ties Deere (DE) to the headline is this: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Walmart (WMT) is here too. Its reason reads: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Dates and price levels for Deere (DE)
DE traded between 619.47 and 679.92 across 20 sessions. The latest close on file is 665.85. NKE traded between 33.81 and 39.55 across 20 sessions. The latest close on file is 38.48. WMT traded between 107.44 and 127.91 across 20 sessions. The latest close on file is 124.81.
How strong the case is around Deere (DE)
46 out of 100
“Democrats’ control of Congress unlikely to ease firms’ cost, tariff woes in near term, executives say” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.