Market Wrap: Tuesday, October 13, 2026 — S&P 500, Nasdaq & Dow Jones

Today's stock market session was marked by a selloff, with the Dow Jones Industrial Average leading the decline, down 0.35%. The S&P 500 and Nasdaq Composite also slipped, falling 0.02% and 0.15%, respectively. The uneven performance across indices suggests that the selloff was not broad-based, but rather concentrated in specific sectors. The chip sector was a major driver of the decline, with losses in memory chip stocks contributing to the downturn. This was exacerbated by news out of Korea, which sent shockwaves through US chip stocks.

The selloff was also influenced by the start of earnings season, with big bank earnings beginning to roll in. Additionally, higher oil prices and losses in bank stocks, such as Johnson & Johnson, weighed on the Dow Jones. Notably, the market is now looking ahead to the release of the Consumer Price Index (CPI) data, which could provide further direction for stocks. The overall tone of the market remains cautious, with investors on high alert for any signs of a potential stock market crash. As one prominent investor noted, the current market environment is reminiscent of past periods of high volatility, suggesting that investors should be prepared for a potentially rocky road ahead.