US Close 13 October 2026: S&P 500 -0.02% as JNJ.US and Banks Offset Refiners; AMAT.US -6.69%, MU.US -3.62%

S&P 500 close: 7,805.45 (-0.02%) Breadth: S&P 500 advancers led decliners 1.1 to 1, per Reuters Sentiment: mixed

The S&P 500 closed at 7,805.45 on 13 October 2026, down 1.79 points or 0.02%, as a 1.35% fall in health care and losses in Citigroup and Wells Fargo after their results offset a 1.80% gain in energy. JNJ.US fell 5.73% after MedTech revenue of $8.64 billion missed the $8.74 billion StreetAccount estimate, per CNBC, and C.US fell 5.60% despite a profit beat. The 10-year Treasury yield eased 2.3 bps to 5.217% as the bond market reopened after Columbus Day, while US diesel futures rose about 5% by midday and lifted refiners, per NBC News.

At a glance

WTI $94.79, up 1.12%. Brent settled at $105.69, down 0.9%, per the Associated Press. US Dollar Index 102.19, down 0.39%. Gold futures $4,184.20, down 0.15%. Bitcoin $83,355, up 1.07%. US exchanges traded 14.8 billion shares against a 20-session average of 17.6 billion, per Reuters.

What moved the index

The S&P 500 lost 2 bps on 13 October 2026; health care and financials took out about 17 bps, and communication services, energy, utilities and materials added back about 15 bps.

• JNJ.US -5.73% to $248.61 accounts for about half the health care loss. Net profit fell 96% from a year earlier on a charge for a proposed talc litigation resolution, per TheStreet, even as the company raised its full-year guidance. LLY.US fell 1.36%.
• C.US -5.60% led bank losses. StockStory reported sequential declines in investment banking, trading and firm-wide profitability behind the headline beat. WFC.US fell 3.10% and JPM.US 0.86%.
• META.US +2.63% to $762.50 rose for a second day after the release of its Muse Wonder AI model, per CNBC.
• XLK.US -0.04% finished flat. AMAT.US -6.69%, KLAC.US -3.22% and MU.US -3.62% offset ORCL.US +4.23%, AMD.US +1.90% and NVDA.US +0.97%.

Together these five drivers net to about -2 bps, matching the index move.

Session highlights

• AMAT.US -6.69% to $464.24 led chip-equipment losses; LRCX.US fell 2.73%. 24/7 Wall St. attributed the drop to profit-taking after an 80% gain this year. The PHLX Semiconductor index fell 0.23% for a fifth straight decline after Broadcom chief executive Hock Tan likened some AI investment to "casino gambling," per Reuters.
• MU.US -3.62% to $953.19 was the single heaviest weight on the S&P 500, per the Associated Press. China's CXMT plans a new memory chip by year end, per CNBC; the Roundhill Memory ETF, DRAM.US, fell 3.44%, and South Korea's KOSPI closed 5.5% lower overnight.
• 4%+ gains for refiners: VLO.US +4.69% to $456.46, PSX.US +4.00%, MPC.US +3.96% and DINO.US +4.33%. Analyst Tom Kloza told NBC News the market is "clearly not believing that Russian oil is on the way" after the Trump administration eased limits on Russian diesel supplies.
• GS.US -0.23% after rising more than 4% at the open, per the Associated Press. Earnings of $17.01 a share beat the $13.02 LSEG estimate on a 72% rise in equities revenue to $6.44 billion. UNH.US closed down 0.20% after rising as much as 5.6% on its raised 2026 outlook.
• ORCL.US +4.23% to $143.20 after it set out a power plan for its Project Jupiter data center in New Mexico and joined Microsoft and Marvell on a server security standard, per Benzinga.
• $341.27 was the AAPL.US close, up 0.09%, after an intraday record of $348.15 on the day it unveiled its HomeView smart home hub, per Reuters.

Sector scorecard

• Best: Energy, XLE.US (+1.80%)
• Worst: Health care, XLV.US (-1.35%)
• Dispersion (best minus worst): 3.15 pts
• Communication services XLC.US +0.74%, utilities XLU.US +0.58%, materials XLB.US +0.57%, consumer discretionary XLY.US +0.08%
• Technology XLK.US -0.04%, real estate XLRE.US -0.21%, consumer staples XLP.US -0.26%, industrials XLI.US -0.28%, financials XLF.US -0.42%

Top movers

FUN.US fell 14.43% after a guest died on the Goliath roller coaster at Six Flags Over Georgia, per TheStreet; its market value sits below the movers screen. SNDX.US fell 15.71% after axatilimab missed its primary endpoint in a Phase 2 lung fibrosis trial, per CNBC, and DPZ.US fell 4.76% after US same-store sales rose 0.3%, in line with the FactSet consensus.

After-hours earnings

Research for this brief found no large-cap earnings release after the 13 October 2026 close; Earnings Whispers listed one after-close reporter on its calendar. GME.US closed at $27.22, down 0.04%, and traded higher after hours as chief executive Ryan Cohen continued buying shares, per Benzinga.

Notable announcements

• $850 million of convertible senior notes due 2032 is the size of the CIFR.US offering, alongside an exchange of notes due 2030, per Investing.com.
• 650 megawatts of gross power capacity is the ceiling of the FRMI.US framework with AMD.US, per CNBC.
• FLEX.US fell 5.42% after it said it plans to spin off its Cloud and Power Infrastructure unit as Axiom Solutions International, per TheStreet.
• $1.3 billion is the all-cash value of the Ithaca Holdings deal to take Bumble private, per CNBC.

Next session catalysts (ET)

• Wed 14 Oct, 8:30am ET: September Consumer Price Index.
• Wed 14 Oct: Bank of America, Morgan Stanley, BlackRock and ASML third-quarter results, per Yahoo Finance.
• Thu 15 Oct: Producer Price Index and Taiwan Semiconductor results.
• Fri 16 Oct: industrial production.

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