Pre-Market Report – Wednesday 14 October: US markets ease on bank results - SPI down 30 - Gold eases - RIO quarterly
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The S&P 500 ended near the flatline on Tuesday, with traders digesting a slew of corporate earnings reports from major banks along with a steep overnight decline in South Korea that put pressure on memory chip names.
The broad market index was down 0.02% to end at 7,805.45, while the Nasdaq Composite dropped 0.15% to 27,204.38. The Dow Jones Industrial Average slipped 180.45 points, or 0.35%, to close at 51,670.10. At its high of the day, the 30-stock index was up more than 460 points.
JPMorgan Chase reported third-quarter earnings and revenue that missed analyst expectations, but the bank raised its net interest income guidance for 2026. Shares ended the session 0.9% lower. Wells Fargo shed 3% on mixed Q3 numbers, while Goldman Sachs inched down 0.2% even after its revenue for the third quarter surpassed expectations.
SPI down 30 - Gold eases - Oil up - RIO results - Glencore lists .
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