What Happened Today, Monday October 12, 2026, 5:00 PM ET close
The Dow Gains 0.38% While Chip Stocks Pull the Nasdaq Lower
A quiet Columbus Day session with the bond market closed, energy stocks up and chipmakers down.
ES and NQ at the close
NQ, Nasdaq 100 futures
30,898.25
-0.68% on the day
Day range 30,844.25 to 31,289.25
ES, S&P 500 futures
7,858.00
-0.02% on the day
Day range 7,846.25 to 7,887.00
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No paper result is reported for this day.
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The story
Stocks were mixed on Monday, a Columbus Day session with the bond market closed. The Dow rose 0.38%, the S&P 500 dipped 0.06% to 7,807 and the Nasdaq fell 0.44% to 27,245. Chip stocks led the decline after reports of progress by China's CXMT on a new memory design, while energy shares rose with oil. US crude futures gained 2.06% to $93.74 after attacks on Saudi airports, and the dollar index touched an 18 month high.
The MAG7 and the megacaps
Big tech was split. Meta rose after Mark Zuckerberg hinted at a new AI model, and Nvidia was reported to be in talks to buy Reflection AI. Memory and storage names such as Micron, SanDisk, Western Digital and Seagate fell on the China memory news, which weighed on the Nasdaq.
After the bell
Chip stocks slide
Reports that China's CXMT made progress on a new memory architecture hit memory and storage makers, and the semiconductor index fell as much as 2.7% during the day.
Oil climbs again
US crude futures rose 2.06% to $93.74 and Brent rose 1.84% to $106.65 after attacks on Saudi Arabia's airports, keeping energy stocks in the lead.
Fed talk stays hawkish
Cleveland Fed President Beth Hammack said the Fed should move relatively quickly toward a tighter stance as inflation broadens.
Deals in focus
onsemi agreed to buy Synaptics for about $5.7 billion in cash, and Steris agreed to buy Xodus Medical for $2.1 billion.
Crypto
Bitcoin rose 1.63% to about $83,095, trading between roughly $80,963 and $84,061. Crypto does not always move with stocks, so it is worth tracking on its own.
Into the night
Overseas, Ukraine's president said Russia would not accept a US proposal to pause energy strikes. A Category 2 hurricane hit the Gulf Coast but missed the main refining area. The European Union is weighing a cap on Chinese hybrid car imports that could start as soon as December 1.
What is coming next
September CPI
Wednesday
Economists expect headline inflation to speed up to about 3.6%.
Big bank earnings
This week
JPMorgan, Goldman Sachs, Bank of America and others report.
US crude
$93.74
Monday's close, a level to watch as Middle East headlines continue.
Inflation data and the first big bank earnings of the season arrive this week. The items above are things to watch, not predictions.
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Educational market recap, not financial advice. Futures and options trading carry substantial risk of loss. Prices reflect the 2026-10-12 session close; charts are live and interactive. Always verify before acting.