Daily Market Report – October 13, 2026

Markets

The S&P 500 (SPX) closed nearly unchanged at 7,811 points, gaining 0.05 percent. The Nasdaq 100 (NDX) lost 0.34 percent due to the sell-off in semiconductor stocks, closing at 30,561 points. In Europe, the DAX (DAX) increased by 0.69 percent to 25,260 points. Given the losses of Asian chip manufacturers, the Nikkei 225 (NI225) fell by 1.82 percent to 67,778 points. WTI crude oil (CL1!) rose by 0.76 percent to $94.45, while natural gas (NG1!) increased by 4.80 percent to $3.32.

Company

Broadcom (AVGO) burdened the semiconductor sector with its warning of a "casino mentality" regarding AI investments. In this environment, SK Hynix (000660) plummeted by 10.09 percent to 1,443,000 won. Samsung Electronics (005930) lost 7.39 percent to 232,000 won due to similar doubts about the scope and profitability of AI spending. Amid the global sell-off in chip stocks, Applied Materials (AMAT) fell by 7.11 percent to $462.18.

Meta Platforms (META) came into focus after the company acknowledged the lack of planning certainty for its $200 billion AI infrastructure program. Tencent (0700) raised nearly $5.7 billion through Yuan and Dollar bonds to finance its AI investments. Apple (AAPL) introduced a new product line for connected homes with the $299 HomeView Hub and other devices.

JPMorgan Chase (JPM) reported a strong stock trading business, but at the same time restricted direct account access for external AI agents. Goldman Sachs (GS) also benefited in its quarterly results from stock trading. Following the release of the bank balance sheets, Citigroup (C) fell by 5.12 percent to $125.17. Crédit Agricole (ACA) agreed to purchase IKB, thereby expanding its business in Germany.

Johnson & Johnson (JNJ) lost 5.48 percent to $249.27 after the release of its financial results. Roche (ROG) licensed a Chinese active ingredient for obesity. BMW (BMW) reported a decline in its China business of nearly a quarter.

Macroeconomics

According to the Fed, the president of the New York Federal Reserve, John Williams, considers another interest rate hike this year to be appropriate. He does not foresee an additional step in 2027. The BLS will publish the US Consumer Prices for September on Wednesday; the data is crucial for the further interest rate path. According to the assessment of the IMF, the strained public finances pose growing risks to the global economy. The White House reaffirmed the continuation of intelligence sharing with Ukraine. Meanwhile, Mexico plans to buy more US goods in preparation for a trade agreement.

---

*Created on 10/13/2026 / 15:50 (Europe/Berlin)