Wall Street tumbles as worries about AI trade and high oil prices weigh
Published . Updated .
Covered by 4 outlets: GV Wire, Reuters, Yahoo Finance, Central Oregon Daily.
Who covered it: Center 2 · Not rated 2. How we rate outlets
(In paragraph 13, corrects years to 2026, not 2025) By Noel Randewich and Purvi Agarwal Oct 16 (Reuters) - Wall Street tumbled on Friday, with CoreWeave, Broadcom and other AI-related technology
Directly affected
Indirectly affected
- NVDA NVIDIA+0.6%
Chip makers and their suppliers move when export rules or Taiwan risk changes
- TSM Taiwan Semiconductor-1.5%
The main advanced-chip manufacturer sits in Taiwan
- ASML ASML-7.1%
Chipmaking-equipment sales follow export rules
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- CVX Chevron+5.9%
Oil producers earn more when crude prices rise
- AMD AMD-1.6%
Chip makers and their suppliers move when export rules or Taiwan risk changes
- AMAT Applied Materials-12.6%
Chip-equipment makers feel export controls
- LRCX Lam Research-15.9%
Chip-equipment makers feel export controls
- SMH VanEck Semiconductor
A fund of semiconductor companies
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRWVNo price data for this ticker | — | — | — | — | — | — | — |
| AVGONo price data for this ticker | — | — | — | — | — | — | — |
| NVDANo price data for this ticker | — | — | — | — | — | — | — |
| TSMNo price data for this ticker | — | — | — | — | — | — | — |
| ASMLNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -3.27% | -0.37% | base | +2.45% | +2.00% | +1.81% | +1.92% |
| CVX | -3.36% | -0.70% | base | +2.56% | +2.33% | +2.87% | +3.37% |
| AMDNo price data for this ticker | — | — | — | — | — | — | — |
| AMATNo price data for this ticker | — | — | — | — | — | — | — |
| LRCXNo price data for this ticker | — | — | — | — | — | — | — |
| SMHNo price data for this ticker | — | — | — | — | — | — | — |
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.
Market Call
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Wall Street Tumbles as Worries About AI Trade and High Oil Prices Weigh GV Wire
Source: GV Wire
Energy
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | +3.38% | final price |
| COP | the next day | +2.48% | final price |
| COP | two days later | +2.98% | final price |
| COP | three days later | +2.80% | final price |
| COP | three days earlier | -0.58% | final price |
| COP | five days earlier | -5.37% | final price |
| CVX | that day | +2.56% | final price |
| CVX | the next day | +2.33% | final price |
| CVX | two days later | +2.87% | final price |
| CVX | three days later | +3.37% | final price |
| CVX | three days earlier | -0.70% | final price |
| CVX | five days earlier | -3.36% | final price |
| MPC | that day | +0.34% | final price |
| MPC | the next day | -0.46% | final price |
| MPC | two days later | -0.38% | final price |
| MPC | three days later | -1.58% | final price |
| MPC | three days earlier | +0.13% | final price |
| MPC | five days earlier | -4.54% | final price |
| OIH | that day | +1.55% | final price |
| OIH | the next day | +2.34% | final price |
| OIH | two days later | +2.27% | final price |
| OIH | three days later | +4.57% | final price |
| OIH | three days earlier | +3.73% | final price |
| OIH | five days earlier | +3.12% | final price |
| OXY | that day | +2.84% | final price |
| OXY | the next day | +3.40% | final price |
| OXY | two days later | +3.73% | final price |
| OXY | three days later | +3.35% | final price |
| OXY | three days earlier | +1.62% | final price |
| OXY | five days earlier | -0.95% | final price |
| USO | that day | +2.82% | final price |
| USO | the next day | +2.25% | final price |
| USO | two days later | +2.14% | final price |
| USO | three days later | +1.55% | final price |
| USO | three days earlier | -2.69% | final price |
| USO | five days earlier | -5.77% | final price |
| VLO | that day | +0.06% | final price |
| VLO | the next day | -2.52% | final price |
| VLO | two days later | -2.38% | final price |
| VLO | three days later | -1.75% | final price |
| VLO | three days earlier | +2.69% | final price |
| VLO | five days earlier | -2.40% | final price |
| XLE | that day | +2.53% | final price |
| XLE | the next day | +1.88% | final price |
| XLE | two days later | +2.11% | final price |
| XLE | three days later | +2.40% | final price |
| XLE | three days earlier | +0.95% | final price |
| XLE | five days earlier | -2.22% | final price |
| XOM | that day | +2.45% | final price |
| XOM | the next day | +2.00% | final price |
| XOM | two days later | +1.81% | final price |
| XOM | three days later | +1.92% | final price |
| XOM | three days earlier | -0.37% | final price |
| XOM | five days earlier | -3.27% | final price |
| XOP | that day | +2.84% | final price |
| XOP | the next day | +2.34% | final price |
| XOP | two days later | +2.66% | final price |
| XOP | three days later | +2.11% | final price |
| XOP | three days earlier | +2.53% | final price |
| XOP | five days earlier | -1.74% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought CoreWeave (CRWV), worth $1,001 - $15,000 on 28 Aug 2026. That is 49 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 21 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 23 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Broadcom (AVGO), worth $1,001 - $15,000 on 16 Sep 2026. That is 30 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Nvidia (NVDA) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 23 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Nvidia (NVDA) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Daniel Meuser sold Nvidia (NVDA) (held by a spouse), worth $1,001 - $15,000 on 31 Aug 2026. That is 46 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 24 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 52 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Richard W. Allen bought Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 12 Aug 2026. That is 65 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 46 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).
How solid the energy case looks
50 out of 100
“Wall Street tumbles as worries about AI trade and high oil prices weigh” scores 50 out of 100. The score uses 4 sources.