Geopolitics Alpha

US services sector activity cools slightly in October; inflation remains elevated

Published . Updated .

Covered by 4 outlets: StreetInsider, Reuters, The Lufkin Daily News, TradingView.

Who covered it: Center 1 · Not rated 3. How we rate outlets

Key takeaways

  • WASHINGTON, Nov 4 (Reuters) - US services sector growth slowed marginally in October amid a moderation in new orders, but supply chains remained strained, keeping prices for inputs elevated.
  • Exposed: TIP, XLP, WMT, COST, PG
  • Market reaction: XLP +3.1% on the day (still updating); TIP −0.1% on the day (still updating); PG +2.4% on the day (still updating)

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US services sector activity cools slightly in October; inflation remains elevated

WASHINGTON, Nov 4 (Reuters) - US services sector growth slowed marginally in October amid a moderation in new orders, but supply chains remained strained, keeping prices for inputs elevated.

Directly affected

  • No company is named in this report.

Indirectly affected

  • 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.

  • XLP Consumer Staples Select Sector SPDR-2.8% 14d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) 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.

  • WMT Walmart+12.9% 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.

  • 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.

  • COST Costco Wholesale+12.7% 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.

  • 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.

  • PG The Procter & Gamble+9.2% 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.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP+0.16%+0.57%base-0.05%after closeafter closeafter close
XLP-2.35%+0.52%base+3.13%after closeafter closeafter close
IYTNo price data for this ticker———————
WMT-4.79%-1.04%base+2.15%after closeafter closeafter close
UPSNo price data for this ticker———————
COST-3.61%-0.67%base+1.75%after closeafter closeafter close
FDXNo price data for this ticker———————
PG-2.31%-0.30%base+2.42%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.

US services sector activity cools slightly in October; inflation remains elevated StreetInsider

Source: StreetInsider

Ishares Tr (TIP) since this story, compared with the market

CompanyWhenMoveStatus
Costco Wholesale (COST)that day+1.75%still updating
Costco Wholesale (COST)three days earlier-0.67%final price
Costco Wholesale (COST)five days earlier-3.61%final price
Procter & Gamble (PG)that day+2.42%still updating
Procter & Gamble (PG)three days earlier-0.30%final price
Procter & Gamble (PG)five days earlier-2.31%final price
Ishares Tr (TIP)that day-0.05%still updating
Ishares Tr (TIP)three days earlier+0.57%final price
Ishares Tr (TIP)five days earlier+0.16%final price
Walmart (WMT)that day+2.15%still updating
Walmart (WMT)three days earlier-1.04%final price
Walmart (WMT)five days earlier-4.79%final price
Select Sector Spdr Tr (XLP)that day+3.13%still updating
Select Sector Spdr Tr (XLP)three days earlier+0.52%final price
Select Sector Spdr Tr (XLP)five days earlier-2.35%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 Ishares Tr (TIP)

Companies carried with this story

  • TIP Ishares Tr

    For “US services sector activity cools slightly in October; inflation remains elevated,” 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

  • XLP Select Sector Spdr Tr

    In “US services sector activity cools slightly in October; inflation remains elevated,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US services sector activity cools slightly in October; inflation remains elevated.” 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

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US services sector activity cools slightly in October; inflation remains elevated.” 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

    For “US services sector activity cools slightly in October; inflation remains elevated,” 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

    In “US services sector activity cools slightly in October; inflation remains elevated,” Coca Cola (KO) is linked, with no stored direction, medium confidence. 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

Ishares Tr (TIP)

The 4 Nov 2026 story “US services sector activity cools slightly in October; inflation remains elevated” names Ishares Tr (TIP) because of this story.

Ishares Tr (TIP) is on the page because iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

Select Sector Spdr Tr (XLP) is here too. Its reason reads: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

The price range for Ishares Tr (TIP), and the dates in the story

TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. WMT traded between 107.44 and 127.91 across 20 sessions. The latest close on file is 124.81. XLP traded between 80.10 and 83.07 across 11 sessions. The latest close on file is 81.02.

How strong the case is around Ishares Tr (TIP)

69 out of 100Price not final

“US services sector activity cools slightly in October; inflation remains elevated” scores 69 out of 100. The score uses 4 sources, and 6 linked companies. The price is not final yet.