Stocks end mixed near a record as oil climbs and chips slide
After the close, Monday October 12: what moved, why, and what to watch next.
Dusk Ledger · Monday, October 12, 2026 · 5:00 PM ET
The close
| Index | Close | Day |
|---|---|---|
| S&P 500 | 7,807.24 | -0.1% |
| Dow Jones Industrial Average | 51,850.55 | +0.4% |
| Nasdaq Composite | 27,245.90 | -0.4% |
| Russell 2000 | 2,794.48 | -0.4% |
Index levels are the AP's final figures; the percentage moves for the Dow, S&P 500 and Nasdaq match Investing.com's closing report. The S&P 500 set a record high on Friday and is up 14% this year (AP). Bond trading was closed for Columbus Day.
What moved, and why
Oil pushed higher. Brent rose 1.8% to settle at $106.65 a barrel, the AP reported, after a weekend of Houthi strikes on Saudi Arabia, and despite the Russian diesel deal President Trump announced Friday. Chevron rose 1.4% (AP). The Kremlin has not said whether it agrees to the "energy ceasefire" Trump announced; see our story and the midday oil story.
Telecoms and communication services led. About 64% of S&P 500 stocks rose, led by communication services: Meta gained 3.4%, Verizon 2.7%, T-Mobile 2.2% and AT&T 1.4% (AP). Salesforce added 2.1% to $233.92 and was among the Dow's best performers (Investing.com); see our Salesforce story and the Meta story.
Big tech and chips dragged. Micron fell 3.9%, AMD 2.3%, Broadcom 1.9% and Nvidia 1.3% (AP). Corning fell 6% (Investing.com). Reuters also reported Chipotle down about 5% in the afternoon after Starbucks said it was not buying the burrito chain.
The Fed. Cleveland Fed President Beth Hammack said a restrictive stance is appropriate; see our story.
What to watch next
Citigroup, JPMorgan Chase and Wells Fargo report Tuesday, with Goldman Sachs also expected that morning (AP, Reuters), and Bank of America follows Wednesday (AP). Wednesday also brings the September consumer price index, which economists expect to show inflation rising to 3.6% from 3.4% (AP). Producer prices and September retail sales are due Thursday (AP). ASML and TSMC report this week; the week-ahead story has the full list. This morning's Toast & Tickers has the day's earlier headlines.