{"id":6487,"date":"2026-10-13T00:19:27","date_gmt":"2026-10-13T00:19:27","guid":{"rendered":"https:\/\/digitalmarkettrends.com\/index.php\/2026\/10\/13\/dow-closes-198-pts-higher-as-us-stocks-close-mixed-ahead-of-earnings\/"},"modified":"2026-10-13T00:19:27","modified_gmt":"2026-10-13T00:19:27","slug":"dow-closes-198-pts-higher-as-us-stocks-close-mixed-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/digitalmarkettrends.com\/index.php\/2026\/10\/13\/dow-closes-198-pts-higher-as-us-stocks-close-mixed-ahead-of-earnings\/","title":{"rendered":"Dow closes 198 pts higher as US stocks close mixed ahead of earnings"},"content":{"rendered":"
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US stocks closed mixed on Monday as investors assessed rising oil prices and geopolitical tensions ahead of a busy week of corporate earnings and inflation data that could influence the Federal Reserve’s interest rate outlook.<\/p>\n

The S&P 500 slipped 0.05% to 7,807.79, while the Dow Jones Industrial Average gained 0.38%, or 198.22 points, to close at 51,853.17. <\/p>\n

The Nasdaq Composite fell 0.44% to 27,246.<\/p>\n

The session came after all three major indexes recorded weekly gains, supported by technology stocks and optimism surrounding artificial intelligence investment. <\/p>\n

Investors are now turning their attention to third-quarter earnings, with major US banks scheduled to report results, alongside September inflation figures and retail sales data.<\/p>\n

Dow gains as technology stocks weigh on Nasdaq<\/h2>\n

The Dow outperformed the broader market, supported by a 2% increase in Salesforce shares after Bank of America upgraded the stock to Buy from Underperform.<\/p>\n

Microsoft shares gained 0.9% after the company announced plans for a major deployment of its own artificial intelligence chips. Its market capitalisation briefly rose above $4 trillion for the first time in a year.<\/p>\n

Meta also helped support the communication services sector, while energy stocks outperformed as crude prices climbed.<\/p>\n

Technology and consumer discretionary stocks were among the weakest-performing sectors. <\/p>\n

Micron Technology shares fell around 3% as investors assessed growing competition from China’s ChangXin Memory Technologies (CXMT), which reported progress on a new memory-chip structure.<\/p>\n

The Philadelphia Semiconductor Index declined to a three-week low, reflecting broader weakness across chip stocks. <\/p>\n

Chipotle Mexican Grill shares also fell after Starbucks said it was not acquiring the burrito chain.<\/p>\n

The S&P 500 finished nearly flat, reflecting the balance between gains in selected large-cap stocks and pressure on technology shares.<\/p>\n

Oil prices climb amid Middle East tensions<\/h2>\n

Oil prices rose as attacks in the Middle East heightened concerns about potential disruptions to global energy supplies.<\/p>\n

West Texas Intermediate crude futures gained 2.06% to settle at $93.74 a barrel, while Brent crude futures rose 1.84% to $106.65.<\/p>\n

The gains followed deadly attacks on Riyadh’s international airport over the weekend, which increased concerns about regional instability. <\/p>\n

The developments overshadowed the prospect of additional Russian diesel supplies and a proposed Russia-Ukraine ceasefire covering energy infrastructure.<\/p>\n

The increase in energy prices added to concerns about inflation, particularly as US Treasury yields have recently reached their highest levels in decades. <\/p>\n

The Treasury market was closed on Monday for Columbus Day.<\/p>\n

Cleveland Federal Reserve President Beth Hammack also indicated that the central bank should move relatively quickly towards a more restrictive monetary policy to address increasingly broad-based inflation pressures.<\/p>\n

Traders were pricing in less than a 22% probability of a Federal Reserve rate hike in October, according to CME’s FedWatch tool, compared with 17.7% on Friday.<\/p>\n

Bank earnings and inflation data in focus<\/h2>\n

Investors are preparing for a busy week of corporate results, with major financial institutions including JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley and Wells Fargo scheduled to report earnings.<\/p>\n

Analysts expect strong third-quarter results, supported partly by continued investment in artificial intelligence infrastructure. <\/p>\n

FactSet estimates cited by CNBC indicated that S&P 500 earnings growth could reach 29.6%, marking a fourth consecutive quarter of growth above 25%.<\/p>\n

September consumer price index data is due on Wednesday, followed by the producer price index and retail sales figures on Thursday.<\/p>\n

The reports could influence expectations for the Federal Reserve’s next policy decision, particularly as rising energy prices complicate the inflation outlook.<\/p>\n

Investors will also assess whether corporate earnings can sustain the recent stock market rally amid geopolitical uncertainty and higher borrowing costs.<\/p>\n

The post Dow closes 198 pts higher as US stocks close mixed ahead of earnings<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US stocks closed mixed on Monday as investors assessed rising oil prices and geopolitical tensions ahead of a busy week of corporate earnings and inflation data that could influence the Federal Reserve’s interest rate outlook. The S&P 500 slipped 0.05% to 7,807.79, while the Dow Jones Industrial Average gained 0.38%, or 198.22 points, to close […]<\/p>\n","protected":false},"author":1,"featured_media":6488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts\/6487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/comments?post=6487"}],"version-history":[{"count":0,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts\/6487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/media\/6488"}],"wp:attachment":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/media?parent=6487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/categories?post=6487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/tags?post=6487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}