Why it matters
- The Dow fell 180.45 points, or 0.35%, to 51,670.10 on Tuesday, the S&P 500 slipped 0.02% to 7,805.45 and the Nasdaq Composite lost 0.15% to 27,204.38, Yahoo Finance data showed.
- Citigroup fell 5.6%, Wells Fargo 3.1% and JPMorgan Chase 0.9% after third-quarter results, and Goldman Sachs gave up an early gain to close down 0.2%. Johnson & Johnson sank 5.7%.
- The 10-year Treasury yield eased to 5.21% from Friday's 5.24%, the Treasury Department said. Canada's TSX rose 0.9%, while Brazil's Ibovespa fell 1%.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks slipped on Tuesday, Oct. 13, as investors sold big bank shares after the first third-quarter earnings reports. The Dow Jones Industrial Average fell 180.45 points, or 0.35%, to 51,670.10, ending a three-day winning streak, MT Newswires reported. The S&P 500 edged down 1.79 points, or 0.02%, to 7,805.45, and the Nasdaq Composite lost 41.52 points, or 0.15%, to 27,204.38, according to Yahoo Finance data.
| Index | Tuesday close | Change |
|---|---|---|
| S&P 500 | 7,805.45 | −1.79 (−0.02%) |
| Nasdaq Composite | 27,204.38 | −41.52 (−0.15%) |
| Dow Jones Industrial Average | 51,670.10 | −180.45 (−0.35%) |
| Russell 2000 | 2,783.37 | −11.11 (−0.40%) |
| S&P/TSX Composite (Canada) | 35,983.98 | +319.38 (+0.90%) |
| Ibovespa (Brazil) | 206,887.52 | −2,179.48 (−1.04%) |
| S&P/BMV IPC (Mexico) | 66,965.15 | +218.37 (+0.33%) |
Source: Yahoo Finance chart data. U.S. and Mexico changes are from Monday, Oct. 12. Yahoo shows no Monday session in Toronto or São Paulo, so those changes are from Friday, Oct. 9.
Health care led the sector decliners and energy led the gainers, MT Newswires said.
Why did bank stocks fall after earnings?
Earnings per share rose at all four banks, but investors focused on weaker spots. Citigroup earned $2.85 a share on revenue of $23.8 billion, up 8%, the bank said. Its shares fell 5.6%. Markets revenue of $6.1 billion was up 6% from a year earlier but down 13% from the second quarter, according to a TIKR analysis published on Yahoo Finance.
Wells Fargo earned $1.87 a share, up from $1.66, the bank said. Revenue of $21.87 billion missed the $22.31 billion analysts expected, and net interest income of $12.52 billion fell short of the $12.66 billion forecast, MT Newswires reported. The stock lost 3.1%.
JPMorgan Chase earned $5.57 a share, including $658 million of net investment securities losses, the bank said. Its shares fell 0.9%. Chief Executive Jamie Dimon said "large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions continue to shift under the surface."
Goldman Sachs earned $17.01 a share, up from $12.25, as equities revenue jumped 72% to $6.44 billion, the firm said. The stock rose about 3% before the bell but closed down 0.2%. Revenue fell 8% from the second quarter. Bank of America and Morgan Stanley report on Wednesday, MT Newswires said.
Other movers
- Johnson & Johnson fell 5.7%, the Dow's worst performer. It raised its full-year outlook, but the new midpoints missed Wall Street estimates, MT Newswires reported.
- Chip stocks stayed weak after Tuesday's rout in Seoul. The PHLX Semiconductor Index slipped 0.23%, its sixth straight loss, Barron's said. Applied Materials fell 6.7% and Micron 3.6%, while Nvidia rose 1% and AMD 1.9%, Yahoo Finance data showed.
What happened to Treasury yields and oil?
Yields eased as the bond market reopened after Monday's holiday. The 10-year yield fell to 5.21% from 5.24% on Friday, and the 2-year yield slipped to 4.79% from 4.80%, Treasury Department data showed.
West Texas Intermediate crude rose 40 cents, or 0.4%, to settle at $94.14 a barrel, while Brent fell 96 cents, or 0.9%, to $105.69, Reuters reported. Gold futures slipped 0.2% to about $4,181 an ounce.
What's next for markets?
The September consumer price index is due Wednesday, Oct. 14, at 8:30 a.m. ET. This morning's day ahead has the full bank earnings table, and earlier sessions are in our Asia Tuesday recap and Europe Tuesday recap. The markets page tracks the latest numbers, and the market calendar lists upcoming releases.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- JPMorgan Chase, third-quarter 2026 earnings release (SEC filing)
- Goldman Sachs, third-quarter 2026 earnings results (SEC filing)
- Wells Fargo, third-quarter 2026 earnings release (SEC filing)
- Citigroup, third-quarter 2026 results press release
- MT Newswires via Yahoo Finance, Dow Snaps 3-Day Advance as Major Banks Kick Off Earnings Season
- MT Newswires via Yahoo Finance, Wells Fargo Posts Mixed Third Quarter as Net Interest Income Misses Estimates
- TIKR via Yahoo Finance, Citigroup Stock Slips 4% Despite an Earnings Beat
- Barron's via Yahoo Finance, Chips' Sixth Straight Loss Drags Nasdaq Into the Red
- U.S. Treasury, Daily Treasury par yield curve rates, 2026
- Yahoo Finance, chart data for the S&P 500, Nasdaq Composite, Dow, Russell 2000, S&P/TSX Composite, Ibovespa, S&P/BMV IPC, PHLX Semiconductor Index, JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, Johnson & Johnson, Applied Materials, Micron, Nvidia, AMD, gold futures
- Reuters via Central Oregon Daily, Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks (Oct. 13, 2026)