Live Markets: US stocks finish down with bank shares

Johnson & Johnson

13/10/2026 21:45

Main US indexes end modestly lower
Healthcare is the weakest S&P 500 sector; energy leads gainers
Dollar falls; gold slips; bitcoin edges up; US crude rises >1%
US 10-year Treasury yield edges down to ~5.22%
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US STOCKS FINISH DOWN WITH BANK SHARES 
US stocks ended lower on Tuesday, although the S&P 500 .SPX was close to flat, as bank shares fell following quarterly results from top firms including Goldman Sachs GS.N, Citigroup C.N, JPMorgan JPM.N and Wells Fargo WFC.N.
The S&P 500 banks index .SPXBK ended 1.7% lower. Shares of Citigroup dropped 5.6% following its results, while Wells Fargo fell 3.1%. Wells Fargo reported net interest income that missed estimates.
Goldman Sachs was down just 0.2% and JPMorgan eased 0.9%.
An index of semiconductors .SOX was down 0.2%. On Monday, the Broadcom AVGO.O CEO likened some of the investment flow into the sector to "casino gambling." Broadcom shares ended up 0.7%, while shares of Applied Materials AMAT.O fell 6.7%.
The bank results kick off the third-quarter S&P 500 earnings season. Analysts expect earnings from S&P 500 companies to have gained 30.6% year-over-year for the third quarter, with energy, technology and communication services leading sector earnings gains for the period, according to LSEG.
The S&P 500 healthcare index .SPXHC fell 1.3% and led declines among sectors on the day. Shares of Johnson & Johnson JNJ.N were down 5.7% despite the company reporting earnings that topped estimates.
Energy .SPNY, up 1.7%, led S&P 500 sector gainers.
Here is the closing market snapshot:
(Caroline Valetkevitch)
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     EARLIER ON LIVE MARKETS:
MIXED RESPONSE TO EARLY US EARNINGS REPORTS CLICK HERE 
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
     

Closing snapshot https://fingfx.thomsonreuters.com/gfx/mkt/mypmrxmrjvr/Pasted%20image%201791923881631.png
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