TLDR
- S&P 500 futures rose about 0.3% to 7,879.50 points early Monday after a winning week on Wall Street.
- JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup report third-quarter earnings on Tuesday.
- September consumer price data is due Wednesday, with producer prices on Thursday.
- The 10-year Treasury yield was near 5.24% last week, close to a 24-year high.
- Oil fell after President Donald Trump announced a Russia-Ukraine energy ceasefire.
U.S. stock futures rose early Monday as investors looked ahead to big bank earnings and key inflation data. S&P 500 futures gained about 0.3% to 7,879.50 points.
Nasdaq 100 futures edged up to 31,167.00 points. Dow Jones futures rose 0.3% to 52,060.0 points.
Wall Street is coming off a winning week. The S&P 500 rose 1.2%, the Dow gained 0.9% and the Nasdaq advanced 0.6%.
The Nasdaq Composite has now gained for four straight weeks. A rally in tech stocks helped investors look past higher oil prices and bond yields.
Big banks lead earnings week
The third-quarter earnings season starts in earnest this week. JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup report on Tuesday.
Earnings for the week of October 12, 2026https://t.co/hLn2sKQhEY$UNH $JPM $ASML $GS $TSM $WFC $BAC $AA $DPZ $JNJ $C $IBKR $MS $ERIC $AZZ $CMC $BLK $SCHW $MAN $ACI $FBK $EQBK $INDB $JBHT $MTB $PGR $TRV $WSE $WAFD $PNC $RF $SFNC $STT $TFC $HOMB $MRSH $CNS $FAST $FHN $CFG $SOTK… pic.twitter.com/k7NviIQMdD
— Earnings Whispers (@eWhispers) October 9, 2026
Johnson & Johnson and UnitedHealth Group also report Tuesday. Bank of America, Morgan Stanley, BlackRock and ASML follow on Wednesday.
Taiwan Semiconductor Manufacturing reports Thursday. Investors will watch it for signs of demand for AI chips and data center equipment.
FactSet’s John Butters says S&P 500 earnings are on track to grow 29.6% in the quarter. That would be the fourth straight quarter above 25% growth, driven by the AI data center buildout.
What managers say may matter more than the numbers. Brian Leonard of Keeley Gabelli Small Cap Dividend Fund said investors want to know if a company can withstand current conditions and keep growing margins.
Inflation data and bond yields
The September consumer price index is due Wednesday, followed by producer prices on Thursday. Retail sales data is also due this week.
Economists expect headline inflation of 3.6% year on year. Core inflation is forecast at 2.5%.
The 10-year Treasury yield was near 5.24% at the end of last week, close to its highest level in 24 years. U.S. bond markets were closed Monday for Columbus Day, while stock exchanges stayed open.
In Asia, South Korea’s Kospi fell 3.65% and the Kosdaq dropped 4.83%. Australia’s S&P/ASX 200 gained 0.76%, and China’s CSI 300 closed 0.68% lower. Japan’s markets were closed for a holiday.
Brent crude last traded above $104 a barrel. Oil prices slid in Asian trading after President Donald Trump announced an energy ceasefire between Russia and Ukraine.
Trump also said he was considering joining Saudi Arabia in its fight against Houthis in Yemen after a deadly attack on Riyadh’s airport.
Kyiv and Moscow have not confirmed the ceasefire deal. Reports said Washington was pressing Kyiv to accept it or risk losing U.S. military support.
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