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Bank stocks rise on JPMorgan, Goldman earnings as chip stocks fall: AlphaCheck

Via Yahoo Finance

Bank stocks rise on JPMorgan, Goldman earnings as chip stocks fall: AlphaCheck Ines Ferré · Senior Business Reporter Tue, October 13, 2026 at 9:55 AM EDT 1 min read XLK -0.33% AMD -1.06% NVDA -0.46% MU -4.66% CL=F -0.65% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Good morning. Stocks were mixed on Tuesday as banks kicked off earnings season and semiconductor stocks sold off.

Financials (XLF) led gains on the Dow Jones Industrial Average (^DJI) after shares of JPMorgan (JPM) and Goldman Sachs (GS) rose following the banks' quarterly results.

Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.

The Tech (XLK) sector declined as chip stocks extended losses, led by memory makers Micron (MU) and SK Hynix (SKHY), amid a global sector sell-off.

Chip giants Nvidia (NVDA) and AMD (AMD) also declined.

Meanwhile, Microsoft (MSFT) extended gains from the prior session after the tech giant unveiled its latest AI chip.

Long-dated bonds eased with the 10-year Treasury (^TNX) yield hovering near 5.21%.

Brent crude oil futures (BZ=F) dropped to $105 per barrel while WTI (CL=F) hovered below $92 per barrel.

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: UnitedHealth Group (UNH), Johnson & Johnson (JNJ), and Wells Fargo (WFC).

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read original at Yahoo Finance News

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