Live Markets: Mixed response to early US earnings reports

Goldman Sachs group

13/10/2026 18:29

Main US indexes modestly red
Healthcare is the weakest S&P 500 sector; energy leads gainers
Euro STOXX 600 index off ~0.1%
Dollar falls; gold dips; US crude, bitcoin rise modestly
US 10-year Treasury yield edges down to ~5.22%
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MIXED RESPONSE TO EARLY US EARNINGS REPORTS 
The third-quarter US earnings season is under way now with the release this morning of results from some key banks including JPMorgan JPM.N and Goldman Sachs GS.N. 
Shares of the banks that had reported are mixed, with Citigroup C.N down nearly 4% even as the bank beat Wall Street estimates for third-quarter profit. All three of the major US indexes are down modestly in afternoon trading.
Analysts were expecting S&P 500 .SPX companies as of Friday to increase earnings in the third quarter by 30.6% from a year ago, with year-over-year financials .SPSY earnings seen up 4.9%, according to LSEG.
S&P 500 revenue for the quarter was seen up 11.8% from a year ago.
"Following big positive surprises in the last two quarters, healthy beats are the status quo and may not be enough to drive stocks higher,"  BofA Securities strategists wrote in a note this week.
Investor focus will largely be on AI-related growth, with tech .SPLRCT company earnings expected to grow 66.5% in the quarter from a year ago and communication services .SPLRCL earnings seen up 47.8% year-over-year. Energy .SPNY earnings, meanwhile, are seen up 123% year-over-year, based on LSEG data.
     
(Caroline Valetkevitch)
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EARLIER ON LIVE MARKETS:
FOR MARKETS, BOND YIELDS MAY MATTER MORE THAN MIDTERMS CLICK HERE
TWO-FER TUESDAY: HOME SALES TICK UP, SMALL BUSINESS SENTIMENT SOURS CLICK HERE
WALL STREET STOCKS EDGE DOWN EARLY AS BANKS EASE FOLLOWING RESULTS CLICK HERE
TECH'S LEAD OVER BANKS FACES ANOTHER TEST CLICK HERE
AN OLD MARKET PANIC, A DIFFERENT BANKING SECTOR CLICK HERE
THESE NAMES COULD SURPRISE -- TO THE UPSIDE OR DOWNSIDE -- JEFFERIES SAYS CLICK HERE
LUXURY'S LONG GAME CLICK HERE
AI JITTERS, BUT THE STOXX STILL RISES CLICK HERE
EUROPE BEFORE THE BELL: STEADY-ISH CLICK HERE
THE FRAGILE AI TRADE CLICK HERE
     

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