October 13, 2026 | Market Preview | The Financial Current

Futures before the bell

Futures are contracts tied to an index's future value, and they trade outside regular stock hours, so they only hint at where the cash market may start. As of about 7:07 am ET, Yahoo Finance reported that Dow futures were up 0.2%, S&P 500 futures were down 0.1% and Nasdaq-100 futures were down 0.6% [1]. Its page also showed a futures quote of 7,848.75, down 9.25 points (0.12%), apparently for the S&P 500 contract; the source did not name the contract month, and it gave no index levels for the Dow or Nasdaq-100 contracts [1].

These are futures, not the cash indexes or the that track them. For reference, Monday's cash-market closes were 51,850.55 for the Dow (up 195.60), 7,807.24 for the S&P 500 (down 4.30) and 27,245.90 for the Nasdaq (down 120.27) [7].

Overnight: a chip sell-off in Asia, a firmer start in Europe

South Korea's KOSPI fell about 6% on Tuesday, dragged down by the country's big memory-chip makers, as Asian markets extended Monday's chip sell-off after a Chinese memory maker announced progress on a new memory-cell design, Yahoo Finance reported [1]. FXStreet described Asia as closing mixed, with Korea the laggard [3].

In Europe, FXStreet's mid-morning update (published about 5:58 am ET) had the STOXX 600 up 0.44% at 638.44, the DAX up 0.52% at 25,409.95 and the FTSE 100 up 0.67% at 10,727.67 [3]. The euro traded near $1.118 and the dollar index was down 0.3% in the same report [3].

Oil, yields and Monday's backdrop

Oil gave back some of Monday's gain. Brent futures settled Monday at $106.65 a barrel, up $1.93, after the Iran-aligned Houthis claimed responsibility for a Saturday strike on Riyadh's international airport, Reuters reported [4]. FXStreet had Brent down 1.1% at $105.47 and WTI down 1.3% at $92.57 on Tuesday morning [3].

FXStreet put the 10-year Treasury yield at about 5.19% on Tuesday, down roughly 5 [3]. Because the cash Treasury market was closed Monday for Columbus Day, that comparison spans a holiday and rests on a single source. On Monday, Cleveland Fed President Beth Hammack said the Fed should move relatively quickly to a more restrictive policy stance, Reuters reported [7].

Bank earnings and today's calendar

JPMorgan Chase reported before the open. Its release shows third-quarter net income of $15.3 billion, or $5.57 a share, on reported revenue of $50.2 billion ($50.9 billion on a managed basis). Excluding a $658 million net investment-securities loss, net income was $15.8 billion, or $5.75 a share [2]. Yahoo Finance said the per-share figure fell short of the $5.90 analysts had forecast [1].

Goldman Sachs and Citigroup are also scheduled to report Tuesday morning [1]; Citigroup said it would issue its results at about 8 am ET [6]. Yahoo Finance's earnings calendar also lists Wells Fargo for Tuesday [1].

On the data side, Yahoo listed NFIB small-business optimism and September existing-home sales (analysts expected a 0.8% monthly decline) for Tuesday [1]. The Federal Reserve's calendar lists Governor Christopher Waller at an event in New Delhi at 3:45 am and no later speakers for Tuesday; Vice Chair for Supervision Michelle Bowman speaks Wednesday and the Beige Book is due at 2 pm ET that day [5].

What remains uncertain

Futures and overseas readings are early-morning snapshots from secondary sources and will change before the 9:30 am ET open; the contract month for the futures quote was not given. The Treasury yield comes from one source after a market holiday. The analyst forecasts cited are as Yahoo Finance reported them, not official figures.

Futures before the bell

Overnight: a chip sell-off in Asia, a firmer start in Europe

Oil, yields and Monday's backdrop

Bank earnings and today's calendar

What remains uncertain

Sources

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