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Stock Market News, Oct. 13, 2026: Dow snaps 3-day win streak to end lower; chip selloff drags down S&P 500 and Nasdaq

US stocks closed slightly lower on October 13, 2026, with the Dow leading declines. A chip selloff dragged down the S&P 500 and Nasdaq. The Dow snapped its three-day win streak. Volatility edged up, and earnings-driven moves shaped trading. Big banks are set to release their results, starting with JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo on Tuesday.

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  • βœ“ US stocks closed slightly lower on October 13, 2026.
  • βœ“ The Dow led declines among major indices.
  • βœ“ A chip selloff dragged down the S&P 500 and Nasdaq.
  • βœ“ JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo are set to release their results on Tuesday.
πŸ›‘οΈ Source Corroboration: 8 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

The Dow snapped its three-day win streak due to a chip selloff.

Live updates

  1. Dow snaps 3-day win streak as chip selloff drags S&P 500 and Nasdaq

    US stocks closed slightly lower on October 13, 2026, with the Dow leading declines. A chip selloff dragged down the S&P 500 and Nasdaq. The Dow snapped its three-day win streak. Volatility edged up, and earnings-driven moves shaped trading. Big banks are set to release their results, starting with JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo on Tuesday.

    Why it matters

    The stock market is reacting to a mixed session, with traders awaiting bank earnings reports. The chip selloff was a significant factor in the market's decline. Broadcom's CEO compared AI investing to casino gambling, contributing to the decline in chip stocks. The market's volatility is expected to continue as more earnings reports are released.

    What is confirmed

    • US stocks closed slightly lower on October 13, 2026.
    • The Dow led declines among major indices.
    • A chip selloff dragged down the S&P 500 and Nasdaq.
    • JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo are set to release their results on Tuesday.

    Still unconfirmed

    • Broadcom's CEO compared AI investing to casino gambling

    What to watch next

    • Bank earnings reports from JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo on Tuesday
    • Continued volatility in chip stocks
    • Market reaction to upcoming earnings reports
    Sources used for this update (8)
    1. CNBC β€” Stock futures are little changed after mixed session; traders await bank earnings: Live updates
    2. www.cnbc.com β€” Stock market today: Live updates - CNBC
    3. MarketWatch β€” Stock Market Today: Dow set to jump as Nasdaq set to retreat with bank earnings; AI trade in spotlight; Kospi slumps
    4. Reuters β€” Wall St edges lower as chips fall; markets assess big bank earnings
    5. Yahoo Finance β€” S&P 500 Ends Flat, While Nasdaq Drops As Memory Chipmakers Sell Off β€” BAC, GME, SPCX, ARM, QCOM In Focus
    6. WSJ β€” U.S. Stocks Tick Down as Bank Earnings Don’t Excite
    7. www.stockysis.com β€” Market Recap for Oct. 13, 2026: U.S. Stocks Slip as Dow Leads ...
    8. cryptobriefing.com β€” Dow snaps three-day win streak as chip selloff drags S&P 500 ...
    confidence 85%
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