{
  "id": 14311200,
  "title": "Dow Jones Industrial Average gives back a 500-point earnings jump",
  "url": "https://urgent.news/2026/10/13/dow-jones-industrial-average-gives-back-a-500-point-earnings-jump",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T21:12:57.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/dow-jones-industrial-average-gives-back-a-500-point-earnings-jump-202610132112"
  },
  "original_language": "en",
  "account": "The Dow Jones Industrial Average (DJIA) saw a drop after initially breaking above the 52,300 mark, falling to around 51,700 before closing near 51,700. With a $1 move in each of its 30 constituent stocks worth about 6 index points, the index lost over 250 points due to declines in Caterpillar (CAT) and Johnson & Johnson (JNJ). Goldman Sachs (GS), with a stock price of approximately $890, was the most expensive stock and contributed to the majority of the gain. JPMorgan Chase (JPM) and UnitedHealth (UNH) missed earnings forecasts, with JPM raising its 2026 outlook for net interest income. CAT's share price was cut by $150 to $950 by Citi, predicting weak data-centre spending for artificial intelligence, while JNJ's profit fell to $0.09 a share after a $5.5 billion charge to resolve talc lawsuits. The index had risen over a third since its October 1 low just above 50,500, which was above the 200-day EMA. Now, the DJIA has retraced more than a third of its climb, falling below its 50-day Exponential Moving Average (EMA). The index is compiled of the 30 most traded US stocks, with Charles Dow and the Wall Street Journal co-founder founding it in 1896. The index is price-weighted, not capitalization-weighted, and criticized for its limited scope compared to broader indices like the S&P 500. The DJIA's performance is influenced by quarterly company earnings, macroeconomic data, and interest rates set by the Federal Reserve. The Dow Theory suggests trading the index only when both the DJIA and Dow Jones Transportation Average (DJTA) move in the same direction. Various methods exist to trade the DJIA, including ETFs, futures contracts, options, and mutual funds.",
  "summary": "Goldman Sachs (GS) earned $17.01 a share in the third quarter against a forecast near $13.00. JPMorgan Chase (JPM) missed on profit and revenue but raised its 2026 forecast for net interest income, what it earns on loans minus what it pays on deposits.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.35%",
        "url": "https://urgent.news/2026/10/13/u-s-stocks-lower-at-close-of-trade-dow-jones-industrial-average-down",
        "published": "2026-10-13T20:31:04.000Z"
      }
    ]
  },
  "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."
}