Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM
Published . Updated .
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This report is about tariffs and trade and transport and logistics.
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.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “supply chain” (transport and logistics) 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.
- UPS United Parcel Service+15.2% 17d
United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story.
- FDX FedEx+9.1% 30d
FedEx (air courier services): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLI | -1.66% | -2.29% | base | -1.09% | after close | after close | after close |
| XRT | -2.30% | -0.06% | base | +5.48% | after close | after close | after close |
| IYT | -2.21% | -1.20% | base | +2.63% | after close | after close | after close |
| CAT | +14.53% | -0.17% | base | -5.67% | after close | after close | after close |
| UPS | -3.23% | -0.81% | base | +4.29% | after close | after close | after close |
| FDX | -4.19% | -1.69% | base | +1.72% | after close | after close | after close |
| DE | -3.81% | +1.40% | base | +1.45% | after close | after close | after close |
| WMT | -4.79% | -1.04% | base | +4.56% | 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.
Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM Logistics Management
Source: Logistics Management
Select Sector Spdr Tr (XLI) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | that day | -5.67% | still updating |
| Caterpillar (CAT) | three days earlier | -0.17% | final price |
| Caterpillar (CAT) | five days earlier | +14.53% | final price |
| Deere (DE) | that day | +1.45% | still updating |
| Deere (DE) | three days earlier | +1.40% | final price |
| Deere (DE) | five days earlier | -3.81% | final price |
| Fedex (FDX) | that day | +1.72% | still updating |
| Fedex (FDX) | three days earlier | -1.69% | final price |
| Fedex (FDX) | five days earlier | -4.19% | final price |
| Ishares Tr (IYT) | that day | +2.63% | still updating |
| Ishares Tr (IYT) | three days earlier | -1.20% | final price |
| Ishares Tr (IYT) | five days earlier | -2.21% | final price |
| United Parcel Service (UPS) | that day | +4.29% | still updating |
| United Parcel Service (UPS) | three days earlier | -0.81% | final price |
| United Parcel Service (UPS) | five days earlier | -3.23% | final price |
| Walmart (WMT) | that day | +4.56% | still updating |
| Walmart (WMT) | three days earlier | -1.04% | final price |
| Walmart (WMT) | five days earlier | -4.79% | final price |
| Select Sector Spdr Tr (XLI) | that day | -1.09% | still updating |
| Select Sector Spdr Tr (XLI) | three days earlier | -2.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -1.66% | final price |
| Spdr Series Trust (XRT) | that day | +5.48% | still updating |
| Spdr Series Trust (XRT) | three days earlier | -0.06% | final price |
| Spdr Series Trust (XRT) | five days earlier | -2.30% | final price |
Congressional trades 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. Rick Larsen sold Fedex (FDX), worth $1,001 - $15,000 on 8 Oct 2026. That is 27 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Fedex (FDX) (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. Maria Elvira Salazar sold Fedex (FDX), worth $1,001 - $15,000 on 24 Sep 2026. That is 41 days before publication. Filed 7 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.
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
For “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM,” 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 “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM,” 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
- IYT Ishares Tr
In “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM,” Ishares Tr (IYT) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “supply chain” (transport and logistics) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM.” 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
- UPS United Parcel Service
In “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM,” United Parcel Service (UPS) is linked, with no stored direction, medium confidence. Reason on file: United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story
- FDX Fedex
In “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM,” Fedex (FDX) is linked, with no stored direction, medium confidence. Reason on file: FedEx (air courier services): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM.” 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
In “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM,” 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
Select Sector Spdr Tr (XLI)
The 4 Nov 2026 story “Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM” names Select Sector Spdr Tr (XLI) because of this story.
The link for Select Sector Spdr Tr (XLI) is this: 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
Dates and price levels for Select Sector Spdr Tr (XLI)
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
“Services sector maintains expansion in October, while supply chain and tariff pressures persist, reports ISM” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.