Dow gains 200 points while Nasdaq falls 0.4% on Monday

what happened

Wall Street’s main indexes finished Monday, October 12, on different notes as investors awaited major bank earnings and important inflation readings due later in the week, CNBC TV18 reported. The Dow Jones added 200 points, while the S&P 500 ended just below unchanged and the Nasdaq declined 0.4%.

Salesforce shares helped lift the Dow, gaining more than 2% after Bank of America raised its rating by two steps, from “underperform” to “buy.” The bank also increased its price target to $285 from $160, implying 24% upside from last Friday’s close.

The Nasdaq was weighed down by Micron. Its shares fell after Chinese memory producer CXMT reported progress on a new next-generation DRAM chip that competes with products made by major US and South Korean memory companies.

Trading volumes were the lowest recorded so far in 2026, while bond markets were closed for a holiday. Higher oil prices also limited gains: Brent moved above $107 a barrel before settling at $106.65. JPMorgan, Goldman Sachs, Citigroup, Wells Fargo and UnitedHealth are due to report today; the September CPI print is scheduled for Wednesday evening Indian time.

why it matters

The next major market focus is corporate earnings from the large banks and UnitedHealth. The KBW Bank index is already in a technical correction, down 12% from its peak, while September CPI is due on Wednesday.

instruments