U.S. Stock Markets Dip Ahead of Inflation Report

U.S. stock markets closed modestly lower on Tuesday, October 13, 2026, following a day of choppy trading. The Dow Jones Industrial Average fell 180.45 points to 51,670.10, the Nasdaq dipped 41.52 points to 27,204.38, and the S&P 500 declined 1.79 points to 7,805.45.

Investors remained cautious ahead of a Wednesday consumer price inflation report from the Labor Department. The data is expected to show annual growth accelerating to 3.7% in September from 3.4% in August, a figure likely to influence the Federal Reserve System's upcoming monetary policy meeting regarding interest rates.

Market volatility was further driven by mixed third-quarter earnings from major financial institutions. Wells Fargo and JPMorgan Chase saw share price declines due to weaker-than-expected revenues or results. Goldman Sachs shares also dipped, despite reporting third-quarter results that exceeded analyst estimates.