Geopolitics Alpha

Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation

Published . Updated .

Key takeaways

  • Major tech giants, chipmakers recover except for Nvidia, while easing likelihood of further US-Iran military tensions drive down energy costs ahead of US October inflation report | Anadolu
  • Exposed: USO, XLE, TIP, XOM, CVX
  • Market reaction: price tracking starts with the next trading session.

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Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation

Major tech giants, chipmakers recover except for Nvidia, while easing likelihood of further US-Iran military tensions drive down energy costs ahead of US October inflation report | Anadolu

Directly affected

  • NVDA Nvidia-8.4% 30d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 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 “chipmaker” (semiconductors) in this story.

  • TIP iShares TIPS Bond ETF-0.3% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+3.1% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • AVGO Broadcom-10.0% 30d

    Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chipmaker” (semiconductors) in this story.

  • COP ConocoPhillips+4.0% 30d

    ConocoPhillips (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

TickerT-5T-3T-1T0T+1T+2T+3
NVDANo price data for this ticker———————
USO+10.89%+3.88%baseafter closeafter closeafter closeafter close
XLE+7.65%-0.44%baseafter closeafter closeafter closeafter close
SMHNo price data for this ticker———————
TIP+0.06%+0.20%baseafter closeafter closeafter closeafter close
XOM+7.73%+0.33%baseafter closeafter closeafter closeafter close
CVX+6.86%+1.02%baseafter closeafter closeafter closeafter close
AVGONo price data for this ticker———————
COP+7.34%+0.71%baseafter closeafter closeafter closeafter 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.

Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation Anadolu Ajansı

Source: Anadolu Ajansı

How far United States Oil Fund (USO) has moved since 10 Nov 2026

CompanyWhenMoveStatus
Conocophillips (COP)three days earlier+0.71%final price
Conocophillips (COP)five days earlier+7.34%final price
Chevron (CVX)three days earlier+1.02%final price
Chevron (CVX)five days earlier+6.86%final price
Ishares Tr (TIP)three days earlier+0.20%final price
Ishares Tr (TIP)five days earlier+0.06%final price
United States Oil Fund (USO)three days earlier+3.88%final price
United States Oil Fund (USO)five days earlier+10.89%final price
Select Sector Spdr Tr (XLE)three days earlier-0.44%final price
Select Sector Spdr Tr (XLE)five days earlier+7.65%final price
ExxonMobil Holdings (XOM)three days earlier+0.33%final price
ExxonMobil Holdings (XOM)five days earlier+7.73%final price

Congressional trades in the stocks in this story

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 United States Oil Fund (USO)

Companies carried with this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • TIP Ishares Tr

    In “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    For “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation.” Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • COST Costco Wholesale

    For “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • COP Conocophillips

    For “Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

How energy news reaches United States Oil Fund (USO)

“Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation” (10 Nov 2026) reaches United States Oil Fund (USO) through Energy.

For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Price levels for United States Oil Fund (USO)

TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

How strong the case is around United States Oil Fund (USO)

46 out of 100

“Global markets soar amid tech rebound, cooling oil as all eyes turn to US inflation” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.