Market Wrap: Monday, October 12, 2026 — S&P 500, Nasdaq & Dow Jones

The US stock market closed with a mixed tone, as the Dow Jones Industrial Average (+0.38%) bucked the trend of the broader market. The S&P 500 (-0.06%) and Nasdaq Composite (-0.44%) both declined, with the latter being the hardest hit. The uneven performance suggests that the market's sentiment remains cautious, with some sectors and stocks performing better than others. The losses in the S&P 500 and Nasdaq were partly attributed to higher oil prices and declines in memory chip stocks.

Notable macro drivers today included the impact of rising oil prices on the market, with some stocks such as tanker firm Navios benefiting from the trend. Additionally, the market's reaction to recent developments in the Middle East, including Iran's criticism of the US response to peace terms, also played a role in shaping the day's trading. The headlines highlighted the mixed performance of various sectors, with some stocks, such as those in the tech space, experiencing significant losses. The overall tone of the market remains cautious, with investors likely to continue monitoring key macro drivers and sector trends in the coming days.