Geopolitics Alpha

New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections

Published . Updated .

Key takeaways

  • New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections WASHINGTON, DC -- Seven of the nine states with both Senate elections and the
  • Exposed: XLI, XRT, CAT, DE, WMT
  • Market reaction: XLI −3.4% on the day (still updating); XRT −3.1% on the day (still updating); CAT −4.7% on the day (still updating)

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections

New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections WASHINGTON, DC -- Seven of the nine states with both Senate elections and the

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-26.6% 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-1.4% 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+20.2% 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

TickerT-5T-3T-1T0T+1T+2T+3
XLI+0.40%+0.18%base-3.38%after closeafter closeafter close
XRT-5.03%-3.40%base-3.12%after closeafter closeafter close
CAT+9.45%+3.80%base-4.74%after closeafter closeafter close
DE-2.37%-1.28%base-1.16%after closeafter closeafter close
WMT-6.18%-1.18%base-0.16%after closeafter closeafter close
NKE-5.11%-3.36%base-2.47%after 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.

New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections Suburban Chicagoland

Source: Suburban Chicagoland

The price since 5 Nov 2026: Select Sector Spdr Tr (XLI) versus the S&P 500

CompanyWhenMoveStatus
Caterpillar (CAT)that day-4.74%still updating
Caterpillar (CAT)three days earlier+3.80%final price
Caterpillar (CAT)five days earlier+9.45%final price
Deere (DE)that day-1.16%still updating
Deere (DE)three days earlier-1.28%final price
Deere (DE)five days earlier-2.37%final price
Nike (NKE)that day-2.47%still updating
Nike (NKE)three days earlier-3.36%final price
Nike (NKE)five days earlier-5.11%final price
Walmart (WMT)that day-0.16%still updating
Walmart (WMT)three days earlier-1.18%final price
Walmart (WMT)five days earlier-6.18%final price
Select Sector Spdr Tr (XLI)that day-3.38%still updating
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)that day-3.12%still updating
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

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 Select Sector Spdr Tr (XLI)

Companies mentioned with this story

  • XLI Select Sector Spdr Tr

    In “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections,” 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

    For “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. 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

    For “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. 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

  • DE Deere

    In “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections,” 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

    For “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections,” Walmart (WMT) is linked, with no stored direction, medium confidence. 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

    In “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections,” 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

Select Sector Spdr Tr (XLI)

On 5 Nov 2026, “New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections” is the story that connects Select Sector Spdr Tr (XLI) to this story.

Select Sector Spdr Tr (XLI) is on the page because Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

A second company, Spdr Series Trust (XRT), is listed for a different reason: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

The price range for Select Sector Spdr Tr (XLI), and the dates in the story

CAT traded between 582.60 and 821.60 across 20 sessions. The latest close on file is 591.16. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

How strong the case is around Select Sector Spdr Tr (XLI)

46 out of 100Price not final

“New Data Shows Voters Rebuked Costly Executive Tariffs in Senate Elections” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.