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Investment Daily: US stocks traded mixed as the Q3 earnings season gathered pace

14 October 2026

Key takeaways

  • S&P 500 ended flat; Treasuries edged higher.
  • European stocks and bond yields fell.
  • Asian stocks traded mixed.

Markets

In the US, the S&P 500 closed little changed on Tuesday amid continued weakness in semiconductor stocks, as investors weighed bank earnings at the start of the Q3 corporate earnings season.

US Treasuries edged higher and the yield curve flattened. 10-year yields fell 3bp to 5.21%.

European stocks fell on Tuesday. The Euro Stoxx 50 fell 0.6%. The German DAX and French CAC both edged down 0.1%. In the UK, the FTSE 100 also slid 0.1%.

European government bonds rose. 10-year German bund yields fell 1bp to 3.47%, and 10-year French bond yields dropped 6bp to 4.84%. In the UK, 10-year gilt yields edged up 1bp to 5.45%.

Asian stock markets traded mixed on Tuesday, as semiconductor shares fell sharply amid renewed concerns about an overheated AI trade. Korea’s Kospi dropped 5.5% and Japan’s Nikkei 225 slid 1.8%. Elsewhere, Hong Kong’s Hang Seng and China’s Shanghai Composite added 0.3% and 0.1%, respectively. India’s Sensex gained 1.5%.

WTI crude oil for November delivery settled 0.4% higher at USD94.1 a barrel on Tuesday.

Key Data Releases and Events

Releases yesterday

In the US, the NFIB index of small business optimism fell to 97.9 in September from 98.7 in August.

Releases due today (14 October 2026)

In China, headline CPI inflation likely edged higher on energy-related price increases. Export growth should remain strong.

US headline CPI inflation is likely to rise on higher oil prices. Tariffs, energy price passthrough and AI demand support core inflation.

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