Wall Street opens mixed ahead of bank earnings, CPI data Quartz · TIMOTHY A. CLARY / Getty Images Cris Tolomia Mon, October 12, 2026 at 9:45 AM EDT 2 min read CL=F +1.96% ^GSPC -0.03% ^DJI +0.50% ^IXIC -0.31% U.S. stocks opened mixed on Monday as investors looked ahead to a busy week of major bank earnings and inflation data. The S&P 500 ticked up 0.1%, the Dow Jones Industrial Average added roughly 83 points, or 0.2%, while the Nasdaq Composite dipped 0.1%.
Crude prices jumped after Russian forces hit Ukrainian energy facilities in the hours following President Donald Trump's announcement of an "energy ceasefire" between Moscow and Kyiv, according to CNBC. West Texas Intermediate futures climbed about 2% to near $93 a barrel, with Brent crude also up 2% at roughly $106 a barrel. Trump separately told reporters he was weighing whether to join Saudi Arabia in fighting Tehran-backed Houthi militants in Yemen, after a deadly strike on Riyadh's international airport over the weekend, a development that heightened concerns about regional tensions, according to CNBC.
Micron Technology shares dropped 4% as investors assessed the threat posed by China's CXMT, which said it had made advances on a novel chip architecture.
The major averages are coming off a winning week. Both the Dow and S&P 500 notched their second winning week out of the last three, while the Nasdaq extended its streak to four consecutive weeks of gains on the back of strength in technology stocks.
Earnings from major banks are expected to ramp up Tuesday and Wednesday, with Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo all scheduled to report results this week. Beyond the headline numbers, analysts say commentary from management on how companies and consumers are absorbing elevated energy and financing costs will be closely scrutinized, according to CNBC.
"Investors have kind of narrowed in on some of the important aspects," Brian Leonard, portfolio manager of Keeley Gabelli Small Cap Dividend Fund, told CNBC. "Can this company withstand what's happening? Pass along, continue to grow margins, and the future is going to be better than the most recent past."
The September consumer price index is due Wednesday, with the producer price index following Thursday. Federal Reserve Chairman Kevin Warsh is scheduled to appear publicly Thursday at an IMF and World Bank summit in Bangkok, according to The Wall Street Journal.
The S&P 500 is on track to post 29.6% earnings growth for the third quarter, which would mark the fourth consecutive quarter of above-25% growth for the index, according to CNBC, citing FactSet analyst John Butters.
Monday falls four years after the S&P 500 bottomed out at a closing level of 3,577.03 in October 2022, a trough the index has since left far behind, more than doubling in value, according to CNBC.
