Stock Market Today: Dow, S&P 500 and Nasdaq Futures Mixed and Bank Profits Expected
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Stock Market Today: Dow, S&P 500 and Nasdaq Futures Mixed and Bank Profits Expected

By adminvoxa
October 13, 2026 3 Min Read
Comments Off on Stock Market Today: Dow, S&P 500 and Nasdaq Futures Mixed and Bank Profits Expected

U.S. stock futures were subdued on Tuesday as bank earnings headwinds, chip selling and oil price volatility clouded the market outlook.

Dow Jones Industrial Average Futures (YM=F) rose 0.5%, while those of the S&P 500 (ES=F) fell below the flat line. Contracts for the Nasdaq-100 (NQ=F) fell 0.6% as tech stocks continued to fall.

South Korea’s KOSPI index (^KS11) fell 6%, weighed down by declines in memory stocks Samsung (005930.KS) and SK Hynix (000660.KS), as stocks in Asia extended Monday’s chip selloff. The setback came after Chinese memory maker CXMT (688825.SS) announced progress on a new memory cell design.

Adding to the angst, Broadcom CEO Hock Tan on Monday likened investors speculating on AI to “a casino.” “Many investors have no idea what they are investing in,” the chipmaker’s CEO said, according to Bloomberg.

Attention also turned to big bank results, which mark the unofficial start of the third-quarter earnings season. JPMorgan Chase (JPM), Goldman Sachs (GS), and Citigroup (C) will release earnings Tuesday morning, and investors will scan the reports for signs that rising interest rates are starting to dampen the business boom.

Oil prices edged lower Tuesday after Brent crude (BZ=F) topped $105 a barrel and gasoline prices tied 2022 for the most days above $4 a gallon in a single year.

Existing home sales are the main data point to watch on Tuesday’s economic calendar. But the main event will be the inflation data later this week.

LIVE 3 updates

  • Good results won’t be enough this AI earnings season

    Yahoo Finance’s Hamza Shaban writes in today’s Morning Brief:

    The stock market is a game of expectations. But when they continue to rise, targets can go so far that even the biggest tech profits can trigger a sell-off.

    This is a key risk to consider heading into a new earnings season, where AI spending and investment returns will be a priority and one of the key takeaways will be the extent to which companies will need to further expand their pace to even make things happen.

    After two quarters of big positive surprises — and index gains that reflect them — healthy earnings have become the status quo, according to Bank of America strategist Savita Subramanian in a note released Monday. What investors are really looking for is whether growth can be sustained in 2027.

    “Ultimately, the index (earnings per share) remains heavily dependent on the sustainability of the AI ​​investment cycle and successful monetization,” she wrote.

    Learn more.

  • Good morning. Here’s what’s happening today.

    Economic data: NFIB Small Business Optimism, September (98 expected, previously 98.7); Weekly change in ADP employment, week ended September 26 (+23,750 previously); Existing home sales, month-on-month, September (-0.8% expected, -2% previously)

    Earnings schedule: JPMorgan Chase (JPM), Johnson & Johnson (JNJ), UnitedHealth (UNH), Goldman Sachs (GS), Wells Fargo (WFC), Citigroup (C), Domino’s Pizza (DPZ), Albertson’s (ACI)

    Check out some of the biggest news stories of the night:

    Trump said meeting North Korea’s Kim Jong Un “would be exciting.”

    Microsoft reduces purchases of eliminated carbon by 80%

    United Airlines could deploy Starlink faster than Delta thinks

    Trump’s diesel deal angers allies and is unlikely to lower prices

    IMF cites AI slowdown and rising yields as looming risks to global market

    Trump’s flurry of new project announcements mirrors the lead-up to the 2018 midterm elections.

  • Chip sell-off extends as South Korean stock market falls 6%

    Ines Ferré of Yahoo Finance reports:

    Shares of Micron (MU) and SK Hynix (SKHY) are set to open lower on Tuesday, extending the global sell-off in memory chip stocks as South Korea’s benchmark KOSPI (^KS11I) fell 6%.

    In South Korea, SK Hynix (000660.KS) and Samsung Electronics (005930.KS) each fell about 8%, extending their losing streak to five sessions. The two chipmakers account for more than half of the total capitalization of the South Korean stock market.

    The sale continues market reaction after Chinese memory maker CXMT (688825.SS) announced progress on a new memory cell design designed to pack more storage into less physical space.

    CXMT aims to introduce a new server memory product built on this architecture by the end of 2026.

    Learn more.

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