Wednesday, October 14, 2026
HomeStock MarketStock market today: Dow, S&P 500, Nasdaq futures edge higher ahead of CPI inflation data, earnings
Stock Market

Stock market today: Dow, S&P 500, Nasdaq futures edge higher ahead of CPI inflation data, earnings


US stock futures drifted higher in premarket trading on Wednesday as the third quarter earnings season got underway and investors awaited fresh inflation data.

Futures on the Dow Jones Industrial Average (YM=F) rose by 0.3%, and the S&P 500 (ES=F) climbed 0.1%. Contracts for the Nasdaq-100 (NQ=F) fell 0.1% after stocks staggered lower on Tuesday.

Stocks were poised for a recovery as a chip sell-off eased in South Korea and the KOSPI index (^KS11) rose after a 12% decline over the past five days. Chip equipment maker ASML (ASML) on Wednesday posted record third quarter sales and raised its full-year outlook amid strong AI demand. Investors await Taiwan Semiconductor (TSM) for further confirmation of the AI boom.

Elsewhere, the parade of financial company earnings continued with results from Bank of America (BAC) and Morgan Stanley (MS). Shares of Bank of America and BlackRock (BLK) both jumped in pre-market after third quarter earnings beat analyst expectations. The reports follow several investment banking earnings reports on Tuesday, indicating that consumers are holding up despite higher interest rates, among other signals.

Markets also braced for a fresh reading of the Consumer Price Index (CPI) on Wednesday. Economists anticipate that higher gas and energy prices drove inflation higher in September, with headline inflation jumping 3.6% year over year. If inflation comes in hotter than that, it could put an October Fed rate hike back in play, experts cautioned.

Brent crude futures (BZ=F), the global benchmark, remained above $105 per barrel as Houthis continued to bomb Saudi Arabian energy facilities.

LIVE 4 updates

  • Bank of America Q3 profit tumbles 17% as deals, trading revenue fall

    Yahoo Finance’s David Hollerith reports:

    Bank of America said Wednesday that its third quarter profit fell 17% from a year earlier as $1.2 billion regulatory penalty and a slowdown in its Wall Street machine dented higher lending income.

    Bank of America’s (BAC) stock fell more than 3% in premarket trading.

    The nation’s second biggest bank reported Q3 net income of $6.93 billion, or $0.91 per share, compared with the $1.10 per share analysts expected. “Excluding the regulatory penalty, Bank of America said it earned $8.1 billion, or $1.08 per share, with adjusted earnings per share rising 4% from a year earlier.

    Revenue rose 3% to $30 billion, compared with expectations of roughly $30.6 billion.

    Read more here.

  • Apple’s new hardware strategy capitalizes on trust — just in time for the AI era

    Yahoo Finance’s Hamza Shaban writes in today’s Morning Brief newsletter:

    The Apple household just got a new lineup. On Tuesday, the company unveiled several new smart home devices, including the HomeView hub, the HomePod Mini 2, and Apple TV 4K.

    The company’s new releases are a clear pivot in its corporate strategy. Not only is it trying its hand at smart home products once again after its HomePod failure, but Apple and its accelerating hardware releases show new CEO John Ternus’s ambitious strategy as a company meeting the AI era head-on.

    Tim Cook was Mr. Services, growing that business massively. But Ternus is clearly saying, why not both?

    Finally, it seems, Apple has figured out a new way to take its “walled garden” design philosophy — a closed, safe ecosystem that favors trust, its signature design language, and vetted partners — and apply it to the home, putting its customers literally inside it.

    Read more.

  • Good morning. Here’s what’s happening today.

    Economic data: MBA mortgage applications, week ended Oct. 9 (-4.2% prior); CPI, month-on-month, September (+0.6% expected, +0.4% prior); Core CPI, month-on-month, September (+0.2% expected, +0.3% prior); CPI, year-on-year, September (+3.6% expected, +3.4% prior); Core CPI, year-on-year, September (+2.5% expected, +2.4% prior); Real average weekly earnings, year-on-year, September (+0.4% prior); Real average hourly earnings, year-on-year, September (-0.3% prior); Fed releases Beige Book

    Earnings calendar: ASML (ASML), Bank of America (BAC), Morgan Stanley (MS), BlackRock (BLK), The Progressive Corporation (PGR), Fastenal Company (FAST), State Street Corporation (STT)

    Catch up on some top stories you might have missed overnight:

    Boston Fed’s Collins wants to raise rates again this year

    ‘The baby boomers have arrived’: How Americans over 75 got richer than other age groups

    China’s September exports blow past forecasts, imports accelerate

    Why AI could end the price tag as we know it

  • Gold steady as Fed official’s remarks temper rate-hike bets

    Bloomberg reports:

    Gold held a two-day decline after a Federal Reserve official signaled one more interest-rate hike may be needed this year, but further tightening won’t be necessary in 2027, improving sentiment toward the precious metal.

    Bullion traded near $4,155 an ounce, after falling 0.8% in the previous two sessions. Oil rose as a flare-up in attacks in the Middle East threatened further energy disruptions that could weigh on inflation and make a case for higher borrowing costs. Brent crude was above $106 a barrel.

    Fed New York President John Williams said he sees one more interest-rate hike as appropriate this year. US Treasury yields edged lower after his remarks, supporting gold, which typically does better in a lower rate environment as it doesn’t pay interest.

    Read more.



Source link

Tags :401(k)Businessbusiness newseconomyfinanceFinancial Informationinvestinginvestment toolsInvestorMarket Newsmortgagemutual fundspersonal financequotereal estateRetirementstockStock ResearchStock ValuationstocksSuze Ormantaxtrack portfolio
add a comment

Leave a Response

You Might Also Like