Geopolitics Alpha

Wall St set to open lower after Nvidia rout, oil gains

Published . Updated .

Key takeaways

  • By Niket Nishant and Utkarsh Hathi Nov 12 (Reuters) - The S&P 500 and the Nasdaq Composite indexes fell on Thursday as Nvidia CEO Jensen Huang's exit unnerved the AI
  • Exposed: USO, XLE, SMH, NVDA, XOM
  • Market reaction: USO +3.4% on the day; XLE +0.7% on the day (still updating); AVGO +5.4% on the day

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Wall St set to open lower after Nvidia rout, oil gains

By Niket Nishant and Utkarsh Hathi Nov 12 (Reuters) - The S&P 500 and the Nasdaq Composite indexes fell on Thursday as Nvidia CEO Jensen Huang's exit unnerved the AI

Directly affected

  • NVDA Nvidia-8.2% 30d

    Named in this report.

Indirectly affected

  • SMH VanEck Semiconductor ETF-16.2% 30d

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.

  • SOXX iShares Semiconductor ETF-20.7% 30d

    iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.

  • USO United States Oil Fund-1.1% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • QQQ Invesco QQQ-9.8% 30d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • ASML ASML Holding N.V-13.3% 10d

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • TSM Taiwan Semiconductor Manufacturing-10.2% 30d

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

  • AVGO Broadcom+0.5% 30d

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

  • AMD Advanced Micro Devices-10.2% 30d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NVDA+4.45%+2.76%base-4.48%after closeafter closeafter close
SMH-12.00%-3.92%base-1.04%after closeafter closeafter close
SOXX-15.74%-5.53%base-0.29%after closeafter closeafter close
USO+4.74%+0.82%base+3.43%after closeafter closeafter close
QQQ-6.13%-1.68%base-0.32%after closeafter closeafter close
ASML-11.40%-1.39%base-2.42%after closeafter closeafter close
TSM-14.72%-5.94%base-1.86%after closeafter closeafter close
AVGO-15.64%-7.52%base+5.42%after closeafter closeafter close
AMD-27.03%-7.99%base+5.95%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.

Wall St set to open lower after Nvidia rout, oil gains Central Oregon Daily

Source: Central Oregon Daily

United States Oil Fund (USO) since “Wall St set to open lower after Nvidia rout, oil gains,” compared with the market

CompanyWhenMoveStatus
AMDthat day+5.95%final price
AMDthree days earlier-7.99%final price
AMDfive days earlier-27.03%final price
ASMLthat day-2.42%final price
ASMLthree days earlier-1.39%final price
ASMLfive days earlier-11.40%final price
Broadcom (AVGO)that day+5.42%final price
Broadcom (AVGO)three days earlier-7.52%final price
Broadcom (AVGO)five days earlier-15.64%final price
Nvidia (NVDA)that day-4.48%final price
Nvidia (NVDA)three days earlier+2.76%final price
Nvidia (NVDA)five days earlier+4.45%final price
QQQthat day-0.32%final price
QQQthree days earlier-1.68%final price
QQQfive days earlier-6.13%final price
Vaneck Etf Trust (SMH)that day-1.04%final price
Vaneck Etf Trust (SMH)three days earlier-3.92%final price
Vaneck Etf Trust (SMH)five days earlier-12.00%final price
SOXXthat day-0.29%final price
SOXXthree days earlier-5.53%final price
SOXXfive days earlier-15.74%final price
TSMthat day-1.86%final price
TSMthree days earlier-5.94%final price
TSMfive days earlier-14.72%final price
United States Oil Fund (USO)that day+3.43%final price
United States Oil Fund (USO)three days earlier+0.82%final price
United States Oil Fund (USO)five days earlier+4.74%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 United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Wall St set to open lower after Nvidia rout, oil gains.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “Wall St set to open lower after Nvidia rout, oil gains,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Wall St set to open lower after Nvidia rout, oil gains.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

  • NVDA Nvidia

    For “Wall St set to open lower after Nvidia rout, oil gains,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • XOM ExxonMobil Holdings

    In “Wall St set to open lower after Nvidia rout, oil gains,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. 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

    In “Wall St set to open lower after Nvidia rout, oil gains,” 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

  • COP Conocophillips

    Conocophillips (COP) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Wall St set to open lower after Nvidia rout, oil gains.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • AVGO Broadcom

    In “Wall St set to open lower after Nvidia rout, oil gains,” Broadcom (AVGO) is linked, with no stored direction, medium confidence. Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

How energy news reaches United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “Wall St set to open lower after Nvidia rout, oil gains,” the 12 Nov 2026 Energy story.

United States Oil Fund (USO) is on the page because 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

Dates in the story, and the United States Oil Fund (USO) price range

SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. 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.

The energy score for United States Oil Fund (USO)

46 out of 100

“Wall St set to open lower after Nvidia rout, oil gains” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.