Stock market today: Dow gains, S&P 500 and Nasdaq slip as focus turns to earnings season kickoff
Micron and SK Hynix fell more than 3% on concerns about Chinese memory competition, while eBay rose 4% after a Morgan Stanley analyst named it a top pick. Bond markets were closed for Columbus Day, and investors are positioned for major bank earnings on Tuesday from JPMorgan, Goldman Sachs, Citi and Wells Fargo. Yahoo Finance
Brent Tops $106 as Supply Risks Intensify
Brent for December settlement climbed 1.8% to $106.65 a barrel, and West Texas Intermediate for November delivery rose 2.1% to $93.74. The article attributes the gain to Ukraine casting doubt on an “energy ceasefire” touted by President Trump, and to a fresh round of attacks on Saudi Arabia. Bloomberg
Ciena slumps 10% amid profit-taking after recent rally
Ciena closed at $405.01, down $44.76 from the prior close, after rising in five of the previous seven sessions. Seeking Alpha
Fair Isaac rallies 11%, rebounding from recent selling
Fair Isaac shares climbed nearly 11% on Monday, rebounding sharply after a period of heavy selling that the article ties to competitive and regulatory concerns in the mortgage market. Seeking Alpha
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,807.24 | -4.30 | -0.06% |
| Nasdaq Composite^IXIC | 27,245.90 | -120.27 | -0.44% |
| Dow Jones^DJI | 51,850.55 | +195.60 | +0.38% |
| CBOE Volatility Index^VIX | 15.21 | +0.37 | +2.49% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 102.60 | +0.37 | +0.36% |
| Brent CrudeICE Dec '26 · 2:30 PM ET settle | $106.65 | +$1.93 | +1.84% |
| WTI CrudeNYMEX Nov '26 · 2:30 PM ET settle | $93.74 | +$1.89 | +2.06% |
| GoldCOMEX Dec '26 · 1:30 PM ET | $4,190.30 | -$25.80 | -0.61% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 4.13% | -1bp | -0.24% |
| 3-MonthT-bill | 4.25% | +2bp | +0.47% |
| 6-MonthT-bill | 4.32% | +2bp | +0.47% |
| 1-YearT-note | 4.47% | +3bp | +0.68% |
| 2-YearT-note | 4.80% | +5bp | +1.05% |
| 5-YearT-note | 5.02% | +3bp | +0.60% |
| 10-YearT-note | 5.24% | +2bp | +0.38% |
| 30-YearT-bond | 5.60% | 0bp | 0.00% |
The major averages diverged on a holiday-thinned Monday, with the Dow up 0.38% to 51,850.55 while the S&P 500 slipped 0.06% to 7,807.24 and the Nasdaq Composite fell 0.44%. The VIX rose 0.37 to 15.21. Positioning rotated out of technology: Technology (-1.22%) and Consumer Discretionary (-0.51%) were the only meaningful sector decliners, while Energy (+1.43%), Consumer Staples (+1.17%) and Communication Services (+0.97%) led. Optical networking accounted for the three largest S&P 500 decliners (Ciena -9.95%, Lumentum -9.78%, Coherent -7.87%), a move Seeking Alpha characterized as profit-taking after a recent rally, and Yahoo Finance reported Micron lower on Chinese memory competition concerns. Fair Isaac (+10.85%) led the index higher after a period of heavy selling.
Energy was the firmest part of the tape. Brent settled up 1.84% at $106.65 and WTI up 2.06% at $93.74, per Bloomberg on doubts over a proposed energy ceasefire and fresh attacks on Saudi Arabia, and the sector ETF finished as the top performer. The dollar firmed (DXY 102.60, +0.37) and gold eased 0.61% to $4,190.30 (1:30 PM ET print). The cash Treasury market was closed for Columbus Day, so the curve carries Friday’s prints into Tuesday: the 2-year at 4.80% and the 10-year at 5.24%.
The week now turns to earnings and inflation. Major bank results open the reporting season on Tuesday, per Yahoo Finance, and September CPI arrives Wednesday at 8:30 AM ET, followed by the 2:00 PM ET Beige Book. With Brent above $106 and the 10-year at 5.24% heading into the print, the inflation data set the tone for rates. Retail sales, the Producer Price Index and the Empire State and Philadelphia Fed surveys follow on Thursday, with Chairman Warsh in conversation with IMF Managing Director Georgieva that evening, and industrial production closes the week Friday at 9:15 AM ET.