StocksMedium•13 October 2026•
1 min read
Dow Jones Falls as Chip Stocks Slump and Bank Earnings Underwhelm
Key Facts
1The Dow Jones Industrial Average fell 173.10 points as semiconductor stocks continued to decline.
2JPMorgan Chase reported third-quarter net income and revenue below analysts' expectations.
3Chip stocks were pressured by concerns over Chinese competition and high valuations.
The Dow Jones Industrial Average fell 173.10 points as semiconductor and financial stocks declined. Shares of Goldman Sachs, Johnson & Johnson, and UnitedHealth closed lower despite beating earnings expectations, while Invezz reported that JPMorgan Chase delivered third-quarter results that missed analysts' estimates.
JPM was trading at $334.67 on October 13, 2026, while GS closed at $893.95 on October 12, 2026. Chip stocks faced downward pressure from concerns over Chinese competition, as WFC closed at $83.32 and C closed at $131.93 on October 12, 2026.
Traders are awaiting the release of US inflation data (Consumer Price Index) scheduled for October 14, 2026, which is expected to influence upcoming market direction.