US Pre-Market 14 October 2026: Core CPI 0.3% Tops Forecast; BAC.US -6.1% on $1.2 Billion Penalty, BLK.US +3.5%

Sentiment: mixed S&P 500 futures: +0.23%

S&P 500 futures are +0.23% and Nasdaq 100 futures flat at 8:33am ET on 14 October 2026, after September core CPI rose 0.3% against a 0.2% forecast. BAC.US is -6.12% pre-market after a $1.2 billion regulatory penalty cut quarterly earnings to 91 cents a share, while BLK.US is +3.49% on adjusted EPS of $15.93 against the $14.13 LSEG estimate. WTI is +1.52% to $95.57 after attacks on two commercial vessels in the Strait of Hormuz, per TradingKey, and Dow futures are +0.37%.

Overnight drivers

• Inflation: September headline CPI rose 0.6% from August and 3.7% from a year earlier, per the Bureau of Labor Statistics, against a 3.6% consensus. Core CPI rose 0.3% on the month and 2.6% on the year, both 0.1 point above forecasts compiled by Yahoo Finance. Energy rose 5.2% and gasoline 9.1% on the month; shelter rose 0.4%.
• Fed: New York Fed President John Williams said one more rate hike is appropriate this year and further tightening likely won't be needed in 2027, per Bloomberg via Yahoo Finance. The 10-year Treasury yield closed Tuesday at 5.217%. September CPI is the last inflation print before the Fed meets.
• Bank results: BAC.US -6.12%, STT.US -8.02% and MS.US -0.85% offset BLK.US +3.49%. XLF.US is -0.62% and KRE.US -0.98% pre-market.
• Chips: SMH.US is -1.20%, with SNDK.US -3.16%, LRCX.US -2.07%, INTC.US -2.10% and MU.US -1.37%. The PHLX Semiconductor index fell for a fifth straight session on Tuesday, per Reuters. ASML.US is -0.84% after record third-quarter sales.
• Oil: Brent is +0.24% to $105.94. The IRGC Navy said a cargo ship sank after hitting a mine, per TradingKey, and the IEA expects 2026 global oil demand to fall about 2.6 million barrels a day from a year earlier. XOM.US is +0.60% and CVX.US +0.72%.

Tuesday on Wall Street

The S&P 500 closed at 7,805.45 on 13 October 2026, down 0.02%, as a 1.35% fall in health care offset a 1.80% gain in energy.

• S&P 500: 7,805.45 (-0.02%)
• Nasdaq: 27,204.38 (-0.15%)
• Dow: 51,670.10 (-0.35%)
• Russell 2000: 2,783.37 (-0.40%)
• VIX: 15.27

JNJ.US fell 5.73% on Tuesday after a MedTech revenue miss and is +0.64% pre-market. C.US fell 5.60% after its results and is -0.48%. AMAT.US fell 6.69% and is -1.46% pre-market.

Overnight Asia and Europe

Germany's DAX is at 25,430.47 at 8:33am ET on 14 October 2026, up 0.68%, leading European gains while most Asian markets closed lower. Shanghai fell 0.88% and the KOSPI 0.44%; Taiwan's Taiex rose 0.59%.

• Nikkei 225: 67,744.29 (-0.05%)
• KOSPI: 6,008.81 (-0.44%)
• Taiex: 48,625.83 (+0.59%)
• Shanghai Composite: 3,767.23 (-0.88%)
• STOXX 600: 639.10 (+0.64%)
• DAX: 25,430.47 (+0.68%)
• CAC 40: 7,889.04 (+0.78%)
• FTSE 100: 10,685.49 (+0.33%)

EWY.US, the iShares MSCI South Korea fund, is -2.09% pre-market. The euro is -0.40% to $1.1158 and the US Dollar Index +0.05% to 102.23.

Pre-market movers

• BAC.US -6.12% to $50.64: net income fell to $6.93 billion, or 91 cents a share, after more than $1.21 billion of penalties from US regulators over anti-money laundering and sanctions violations, per CoinCentral. Excluding the penalty, EPS of $1.08 missed the $1.10 estimate, and revenue of about $30 billion rose 3%, per TradingKey.
• BLK.US +3.49% to $1,103.99: assets under management reached $15.49 trillion, up from $13.46 trillion a year earlier, with $205 billion of quarterly net inflows, per TradingKey.
• $3.69 a share was State Street's third-quarter EPS, up 33%, on revenue of $4.0 billion, up 13%, per its release. STT.US is -8.02% to $160.00; research for this brief found no published reason for the drop.
• MS.US -0.85% to $185.04 after EPS of $3.03 on revenue of $20.34 billion beat the $2.91 and $19.95 billion LSEG estimates; investment banking revenue missed, per CNBC.
• LQDA.US +38.01% to $37.00 after a global settlement with United Therapeutics that ends all pending litigation for a net $380.7 million payment and keeps its YUTREPIA treatment on the market, per its release.
• €11.7 billion was ASML's record third-quarter net sales, with net income of €5.0 billion including a €500 million investment gain. It guided 2026 sales to €44 billion to €45 billion; ASML.US is -0.84%.
• GME.US +1.22% after chief executive Ryan Cohen bought 844,130 shares on 13 October for about $22.8 million, per TradingKey.

US economic calendar today (ET)

September CPI printed at 8:30am ET on 14 October 2026: headline 0.6% on the month and 3.7% on the year.

• 8:30am ET: CPI, core 0.3% on the month and 2.6% on the year.
• 2:00pm ET: Federal Reserve Beige Book, per the Fed's release schedule.
• Before the open: Bank of America, Morgan Stanley, BlackRock and State Street third-quarter results.

What to watch

• Fed meeting: Williams and Boston Fed President Susan Collins have both backed another hike this year, per Yahoo Finance, before the 27 to 28 October meeting.
• Cerebras lockup: CBRS.US has a share lockup that expires today, per Stocktwits; the stock is -2.93% pre-market.
• Thursday 15 October: Producer Price Index and Taiwan Semiconductor results; TSM.US is -0.74% pre-market.

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