Stocks mixed as oil hits a near two-week high and tech slips
The Dow edged up while the S&P 500 and Nasdaq slipped before bank earnings.
Markets · Monday, October 12, 2026 · 3:45 PM ET
US stocks were mixed on Monday afternoon as oil reached its highest level in almost two weeks and technology shares fell ahead of bank earnings and inflation data (Reuters, AP).
The numbers
At 2:16 PM ET the Dow Jones Industrial Average was up 0.34% at 51,830.46, the S&P 500 down 0.13% at 7,801.03 and the Nasdaq Composite down 0.46% at 27,240.09 (Reuters). AP had the Dow up 175 points, or 0.3%, as of 2:09 PM, and the Nasdaq down 0.5%.
Energy was the biggest gainer among the S&P 500's 11 sectors, and communication services was next, helped by Meta, which was up more than 4% (Reuters). AP noted that Chevron rose 1.6%. See our earlier stories on Meta and Muse and Salesforce.
Oil
Reuters says US crude futures jumped more than 2% and Brent was above $106 a barrel after the weekend strikes on Riyadh's airport, which overshadowed the prospect of more Russian diesel. Our midday oil story has the background.
Next up
JPMorgan, Goldman Sachs and Citigroup report early Tuesday, and S&P 500 third-quarter earnings are expected to jump 30.6%, according to LSEG IBES via Reuters. September consumer and producer inflation and retail sales follow later in the week; see the week-ahead story. Reuters notes the Treasury market was closed for Columbus Day.