{
  "id": 14056114,
  "title": "Nasdaq falls ahead of earnings, economic data while oil rallies",
  "url": "https://urgent.news/2026/10/12/nasdaq-falls-ahead-of-earnings-economic-data-while-oil-rallies-14056114",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T21:50:56.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nasdaq-falls-ahead-earnings-economic-data-while-oil-rallies"
  },
  "original_language": "en",
  "account": "In the days leading up to US corporate earnings, investors in the stock market focused on the release of major financial reports. The technology-heavy Nasdaq composite experienced a decline on Monday, October 12, as oil prices surged nearly US$2 a barrel following attacks on a Saudi airport. Investors were waiting for the third-quarter earnings season to begin and for economic data to be released this week. The S&P 500 ended the session with a slight decrease, while the Dow Jones Industrial Average saw a slight gain. Oil futures rallied following the assaults, which overshadowed the possibility of increased supplies due to President Donald Trump's announcement of increased Russian diesel exports and discussions about a potential Russia-Ukraine ceasefire. In the following days, US investors would concentrate on corporate earnings, particularly from major US banks such as Goldman Sachs, Citigroup, and JPMorgan Chase. Analysts predicted a 30.6% surge in S&P 500 earnings for the third quarter, according to LSEG IBES data. Economic reports for the coming week included September readings for US consumer and producer inflation, as well as retail sales data. Investors were cautious due to the recent rise in bond yields, which reached 24-year highs, and the effect of higher energy prices on inflation. Tim Ghriskey, a senior portfolio strategist at Ingalls & Snyder in New York, noted that investors were awaiting earnings and bond yield movements. The Dow Jones Industrial Average increased by 195.60 points, or 0.38%, reaching 51,850.55, while the S&P 500 dropped 4.30 points, or 0.06%, to 7,807.24, and the Nasdaq Composite fell 120.27 points, or 0.44%, to 27,245.90. Trading volume was relatively light, with only 12.67 billion shares changing hands on US exchanges compared to the 20-day moving average of 17.62 billion.",
  "summary": "In coming days, US investors will focus on corporateearnings, with major US banks",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/14056114.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Nasdaq falls ahead of earnings, economic data while oil rallies",
        "url": "https://urgent.news/2026/10/12/nasdaq-falls-ahead-of-earnings-economic-data-while-oil-rallies",
        "published": "2026-10-12T21:20:13.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Nasdaq falls as oil prices rally ahead of earnings, economic data",
        "url": "https://urgent.news/2026/10/12/nasdaq-falls-as-oil-prices-rally-ahead-of-earnings-economic-data",
        "published": "2026-10-12T21:35:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}