Wall Street trades mixed ahead of big bank earnings

Wall Street spent Monday in a holding pattern. Stocks went three different directions on October 12, 2026, while investors waited for the biggest US banks to open the third-quarter earnings season. The Dow Jones Industrial Average rose 0.38% to close at 51,850.55. The S&P 500 slipped 0.06% to 7,807.24, and the Nasdaq Composite fell 0.44% to 27,245.90. A quiet session with a clear rotation Money moved toward value and energy names, which offset continued softness in technology and AI-linked stocks. That explains why the Dow, with its tilt toward older-economy blue chips, managed a gain while the Nasdaq took the biggest hit of the three. Trading was also thinner than usual because of the Columbus Day holiday. The real event starts October 13, when bank earnings begin. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo are among the lenders on deck. What the banks are expected to deliver Projections call for aggregate stock-trading revenue across the sector of nearly $19 billion for the third quarter. Goldman Sachs and Morgan Stanley are projected to lead the pack in equity trading revenue. Forecasts point to year-over-year loan growth of around 11%. Fixed-income trading rev...