Why it matters
- The Dow rose 195.60 points, or 0.38%, to 51,850.55 on Monday, while the S&P 500 slipped 0.06% to 7,807.24 and the Nasdaq Composite fell 0.44% to 27,245.90.
- Memory-chip stocks fell after China's CXMT reported progress on a new memory design, Yahoo Finance said. Micron lost 3.9% and the PHLX Semiconductor Index about 2.7%, while Meta rose 3.4%.
- Brent crude settled up $1.93, or 1.8%, at $106.65 a barrel, its highest since Sept. 15, as attacks on Saudi Arabia outweighed a Russian diesel supply pledge, Reuters reported.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks finished mixed on Monday, Oct. 12, as chipmakers dragged on technology shares ahead of the start of bank earnings. The Dow Jones Industrial Average rose 195.60 points, or 0.38%, to 51,850.55, the S&P 500 slipped 4.30 points, or 0.06%, to 7,807.24, and the Nasdaq Composite fell 120.27 points, or 0.44%, to 27,245.90, according to Yahoo Finance data.
| Index | Monday close | Change |
|---|---|---|
| S&P 500 | 7,807.24 | −4.30 (−0.06%) |
| Nasdaq Composite | 27,245.90 | −120.27 (−0.44%) |
| Dow Jones Industrial Average | 51,850.55 | +195.60 (+0.38%) |
| Russell 2000 | 2,794.48 | −12.50 (−0.45%) |
Source: Yahoo Finance chart data. Changes are from Friday, Oct. 9.
Stocks traded on their normal schedule for Columbus Day, but the U.S. bond market was closed. SIFMA lists Oct. 12 as a 2026 bond market holiday, so there were no new Treasury yield readings; the 10-year yield remains at Friday's 5.24%.
Why did the Nasdaq fall today?
Memory-chip makers sold off. Micron fell 3.9% and Sandisk 6.0% after Chinese memory maker CXMT announced progress on a new memory-cell design, Yahoo Finance reported. The PHLX Semiconductor Index dropped about 2.7%, and Nvidia lost 1.3%, Yahoo Finance data showed.
Main movers
- Meta Platforms rose 3.4% after Chief Executive Mark Zuckerberg told the Financial Times that its AI model had caught up with leading labs, Yahoo Finance reported.
- eBay gained 2.2% after Morgan Stanley named it a top pick and raised its price target to $132 from $127, according to Yahoo Finance.
- Chipotle Mexican Grill fell 3.8%, while Starbucks rose 1.7% after it said it is not buying Chipotle, Yahoo Finance reported.
- Ahead of Tuesday's results, JPMorgan Chase rose 0.4%, Citigroup 1.8% and Goldman Sachs slipped 0.2%. Bank stocks had fallen 6% to 13% over the past month, Yahoo Finance said.
- Exxon Mobil gained 1.9% as oil climbed, Yahoo Finance data showed.
Why did oil prices rise?
Attacks on Saudi Arabia outweighed the prospect of more supply. Brent crude settled up $1.93, or 1.8%, at $106.65 a barrel, the highest since Sept. 15, and U.S. West Texas Intermediate rose $1.89, or 2%, to $93.74, Reuters reported.
Reuters said a Houthi strike on Riyadh's international airport on Saturday killed 13 people and wounded more than 300, and further attacks followed on Sunday. A tanker was struck by a drone near Oman's Sohar and another was damaged while transiting the Strait of Hormuz, Reuters said, citing UKMTO. Prices had slipped earlier after President Donald Trump said Russia would supply more than 300,000 metric tons of diesel, according to Reuters.
The dollar, gold and bitcoin
The U.S. dollar index rose about 0.4% to near 102.59 late Monday, and the euro fell about 0.4% to about $1.1157. Gold futures slipped 0.5% to about $4,194 an ounce, and bitcoin eased about 0.7% to near $83,050, Yahoo Finance data showed.
What's next for markets?
JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo report on Tuesday, Yahoo Finance said. September consumer prices are due Wednesday, Oct. 14, and retail sales Thursday, Oct. 15. Earlier sessions are in our Europe Monday recap and Asia Monday recap; Friday's session is in the Americas Friday recap, and the markets page tracks the latest numbers.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Yahoo Finance, Stock market today: Dow gains, S&P 500 and Nasdaq slip as focus turns to earnings season kickoff
- Reuters via Yahoo Finance, Oil prices rise on Saudi Arabia attacks, overshadowing Trump's diesel deal
- SIFMA, Holiday schedule
- Yahoo Finance, chart data for the S&P 500, Nasdaq Composite, Dow, Russell 2000, PHLX Semiconductor Index, U.S. dollar index, EUR/USD, gold futures, bitcoin, Meta, Micron, Sandisk, Nvidia, eBay, Chipotle, Starbucks, JPMorgan Chase, Citigroup, Goldman Sachs and Exxon Mobil