Why it matters
- U.S. import prices rose 1.1% in September and 8.1% from a year earlier, as fuel import prices jumped 4.8%, the Bureau of Labor Statistics said Friday. Export prices rose 2.2% on the month and 11.6% on the year.
- S&P 500 futures were up about 0.13% and Dow futures 0.12% around 8:50 a.m. ET, while Nasdaq 100 futures slipped 0.27%, Yahoo Finance data showed. The Fed releases September industrial production at 9:15 a.m.
- Travelers, Truist, M&T Bank, Citizens Financial and Regions reported third-quarter results before the open. China's third-quarter GDP is due Monday, Oct. 19, at 10 a.m. Beijing time.
The day ahead: scheduled events and what forecasters expect.
Updated Oct. 16: Industrial production rose 0.7% in September, the Federal Reserve said. Stocks then fell, with the Nasdaq down 2.15% and the S&P 500 down 1.09%, Reuters reported; see our U.S. session recap.
U.S. stock futures were little changed before the open on Friday, Oct. 16, after import prices rose 1.1% in September, the Bureau of Labor Statistics said at 8:30 a.m. ET. S&P 500 futures were up about 0.13% and Nasdaq 100 futures down 0.27% around 8:50 a.m. ET, according to Yahoo Finance data.
What did the September import price report show?
Import prices rose 1.1% in September after a 0.5% gain in August, and 8.1% over 12 months, the BLS said. Higher prices for both fuel and nonfuel imports drove the advance. Fuel import prices jumped 4.8% on the month and 34.5% on the year, while nonfuel import prices rose 0.7% and 6.0%.
Export prices rose 2.2% after a 1.2% gain in August and were up 11.6% for the year, the agency said. Agricultural export prices rose 2.6%, led by soybeans, corn and wheat, and nonagricultural export prices rose 2.1%.
| Index (September, released 8:30 a.m. ET) | Monthly | 12 months |
|---|---|---|
| Import prices, all | +1.1% | +8.1% |
| Fuel imports | +4.8% | +34.5% |
| Nonfuel imports | +0.7% | +6.0% |
| Export prices, all | +2.2% | +11.6% |
| Agricultural exports | +2.6% | +9.0% |
| Nonagricultural exports | +2.1% | +11.8% |
Source: Bureau of Labor Statistics.
The report caps a week in which data showed higher consumer inflation and soaring producer prices, Trading Economics said; see Thursday's day-ahead guide.
Where are futures before the open?
| Market, about 8:50 a.m. ET | Level | Change vs. Thursday |
|---|---|---|
| S&P 500 futures | 7,801.00 | +0.13% |
| Nasdaq 100 futures | 30,063.25 | −0.27% |
| Dow futures | 52,491 | +0.12% |
| 10-year Treasury yield | about 5.10% | little changed |
| Brent crude ($/barrel) | 105.90 | −0.02% |
| Gold futures ($/ounce) | 4,195.20 | +0.60% |
| U.S. dollar index | 101.78 | −0.21% |
Source: Yahoo Finance chart data. Changes are from Thursday's settlement or close.
Futures were set to close the week firmly lower as markets weighed the AI trade and the chance of further Fed rate hikes, Trading Economics said. CoreWeave fell nearly 5% premarket, while Micron, AMD and Marvell fell by up to 2.5%, and Tesla rose 3% after unveiling its Roadster, it reported. Overseas, Asian and European stocks rebounded; see our Asia Friday recap and Europe Friday recap.
Which companies report earnings today?
Regional banks and an insurer reported before the open, according to their releases filed with the SEC:
- Travelers earned $9.04 a share, up from $8.24 a year earlier, with core income of $9.18 a share and a combined ratio of 86.8%.
- Truist reported diluted EPS of $0.56, or $1.16 adjusted, up 12% from a year earlier. Results excluded a $1.4 billion pre-tax loss on the sale of securities, the bank said.
- M&T Bank earned $775 million, or $5.04 a share, up from $4.82 a year earlier.
- Citizens Financial earned $636 million, or $1.41 a share, up 34% from a year earlier, and raised its dividend 13%.
- Regions Financial earned $611 million, or $0.71 a share, up 16% from a year earlier.
HDFC Bank and ICICI Bank report results on Saturday, Trading Economics said.
What else is on the calendar today?
The Federal Reserve publishes September industrial production and capacity utilization at 9:15 a.m. ET, its G.17 release schedule shows. The Fed's calendar lists no speeches for Friday. Chair Kevin Warsh spoke in Bangkok overnight and did not signal an imminent rate hike, Trading Economics said.
What are next week's key dates?
- Monday, Oct. 19: China's third-quarter GDP, plus September industrial output, retail sales and fixed-asset investment, at 10 a.m. Beijing time (10 p.m. ET Sunday), per the National Bureau of Statistics calendar.
- Tuesday, Oct. 20: BLS state employment and unemployment for September, 10 a.m. ET.
- Wednesday, Oct. 21: BLS usual weekly earnings for the third quarter, 10 a.m. ET.
- Oct. 27-28: The Fed's next policy meeting, with a decision and press conference on Oct. 28, according to the Fed calendar.
Upcoming releases are on our market calendar, and live levels are on the markets page.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Bureau of Labor Statistics, U.S. Import and Export Price Indexes, September 2026 and October 2026 release schedule
- Federal Reserve, G.17 Industrial Production and Capacity Utilization, September 2026
- Reuters via Yahoo Finance, S&P 500, Nasdaq set for steep weekly losses as AI jitters rattle investors
- Federal Reserve, G.17 Industrial Production and Capacity Utilization release dates and Calendar: October 2026
- National Bureau of Statistics of China, 2026 release calendar
- Travelers, third-quarter 2026 earnings release (SEC filing)
- Truist, third-quarter 2026 earnings release (SEC filing)
- M&T Bank, third-quarter 2026 earnings release (SEC filing)
- Citizens Financial Group, third-quarter 2026 earnings release (SEC filing)
- Regions Financial, third-quarter 2026 earnings release (SEC filing)
- Nasdaq, Earnings calendar for Oct. 16, 2026
- Trading Economics, U.S. stock market, Japan stock market and India stock market
- Yahoo Finance, chart data for S&P 500 futures, Nasdaq 100 futures, Dow futures, 10-year Treasury yield, Brent crude, gold futures and the U.S. dollar index