Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?
Published . Updated .
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This report is about defense and inflation and prices.
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF+0.3% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- TIP iShares TIPS Bond ETF-0.1% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- USO United States Oil Fund+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- WMT Walmart+16.0% 30d
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+15.7% 30d
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.
- PG The Procter & Gamble+10.3% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- KO The Coca-Cola+8.2% 30d
The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ITA | -4.02% | -3.08% | base | after close | after close | after close | after close |
| XAR | -3.84% | -2.83% | base | after close | after close | after close | after close |
| TIP | +0.16% | +0.57% | base | after close | after close | after close | after close |
| USO | +5.38% | +6.75% | base | after close | after close | after close | after close |
| WMT | -4.79% | -1.04% | base | after close | after close | after close | after close |
| COST | -3.61% | -0.67% | base | after close | after close | after close | after close |
| PG | -2.31% | -0.30% | base | after close | after close | after close | after close |
| KO | -3.14% | -0.70% | 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.
Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge? The Times of India
Source: The Times of India
The price since 4 Nov 2026: IShares U.S. Aerospace & Defense ETF (ITA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Costco Wholesale (COST) | three days earlier | -0.67% | final price |
| Costco Wholesale (COST) | five days earlier | -3.61% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -3.08% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -4.02% | final price |
| Coca Cola (KO) | three days earlier | -0.70% | final price |
| Coca Cola (KO) | five days earlier | -3.14% | final price |
| Procter & Gamble (PG) | three days earlier | -0.30% | final price |
| Procter & Gamble (PG) | five days earlier | -2.31% | final price |
| Ishares Tr (TIP) | three days earlier | +0.57% | final price |
| Ishares Tr (TIP) | five days earlier | +0.16% | final price |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Walmart (WMT) | three days earlier | -1.04% | final price |
| Walmart (WMT) | five days earlier | -4.79% | final price |
| Spdr Series Trust (XAR) | three days earlier | -2.83% | final price |
| Spdr Series Trust (XAR) | five days earlier | -3.84% | final price |
Congressional trades in the stocks in this story
- 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.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (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.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 23 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 27 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Procter & Gamble (PG) (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.
- Rep. Kevin Hern bought Coca Cola (KO) (jointly held), worth $1,001 - $15,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 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 IShares U.S. Aerospace & Defense ETF (ITA)
Companies mentioned with this story
- ITA IShares U.S. Aerospace & Defense ETF
In “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- XAR Spdr Series Trust
For “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- TIP Ishares Tr
In “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?,” 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
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story
- WMT Walmart
For “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?,” Walmart (WMT) is linked, with no stored direction, medium confidence. 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 “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?,” 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
- PG Procter & Gamble
In “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- KO Coca Cola
Coca Cola (KO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?.” Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
How defense news reaches IShares U.S. Aerospace & Defense ETF (ITA)
The 4 Nov 2026 story “Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?” names IShares U.S. Aerospace & Defense ETF (ITA) because of Defense.
What ties IShares U.S. Aerospace & Defense ETF (ITA) to the headline is this: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
Spdr Series Trust (XAR) is here too. Its reason reads: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
Dates in the story, and the IShares U.S. Aerospace & Defense ETF (ITA) price range
ITA traded between 197.59 and 215.76 across 20 sessions. The latest close on file is 214.70. TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. XAR traded between 210.89 and 237.55 across 20 sessions. The latest close on file is 231.04.
A simple score for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge?” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.