Stock Market Update
14-Oct-26 10:30 ET
Financials sector lags after more earnings
Dow +22.64
at 51692.95,
Nasdaq -241.48
at 26983.34,
S&P -49.80
at 7755.72
[BRIEFING.COM] The S&P 500 (-0.6%) and Nasdaq Composite (-0.8%) have stabilized following their opening declines, while the DJIA continues to hover near its flat line.
The financials sector (-1.3%) is the worst-performing S&P 500 sector so far, weighed down by negative reactions to quarterly earnings from several major firms. Bank of America (BAC 49.78, -4.18, -7.75%) is selling off after weaker trading and investment banking revenue, an earnings miss, and a $1.2 billion regulatory charge overshadowed continued net interest income growth. Morgan Stanley (MS 181.08, -5.56, -2.98%) is also trading lower despite exceeding earnings expectations, as its results showed a sequential slowdown in capital markets activity.
Meanwhile, BlackRock (BLK 1083.14, +17.02, +1.60%) is bucking the weakness following a strong Q3 report, supported by broad client inflows and improved profit margins.
