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Nasdaq 27,204 Β· Bank of America hit with $1.2B Treasury fine, posts earnings miss ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #81 Β· Wednesday, October 14, 2026
Volatility (VIX)  Cautious Β· 15.3  β–² from 15.3 yesterday
Worth noting  SpaceX (SPCX) moved -4.21% on the day.
Major banks report earnings as markets hold steady; regulatory action and profit pressures weigh on financial sector performance.
 
 

●  The Numbers

S&P 5007,805.45  -0.02%
-0.17% this week
Nasdaq Composite27,204.38  -0.15%
-1.43% this week
Dow Jones51,670.10  -0.35%
+0.29% this week
Russell 20002,783.37  -0.40%
-1.66% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

●  The Movers

Leaders

META Meta+2.63%
NVDA Nvidia+0.97%
MSFT Microsoft+0.43%

Laggards

SPCX SpaceX-4.21%
TSLA Tesla-0.74%
^RUT Russell 2000-0.40%

The day's best and worst of the tracked indices and mega-caps Β· day-over-day change.

●  The Read

S&P 500 β€” description, not prediction

Trading above both its 50-day (7,707.37) and 200-day (7,259.48) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,818.93; currently in the upper third of that range. RSI(14) 62 β€” momentum firm.

See where every market sits on the daily page β†’

●  The Brief

 Bank of America hit with $1.2B Treasury fine, posts earnings miss

Bank of America faced a $1.2 billion government penalty and reported lower third-quarter profits, pressuring its stock as investors digest both the regulatory action and earnings disappointment. (CNBC)

 Morgan Stanley reports earnings; investment banking, trading revenue strong

Morgan Stanley released quarterly results showing robust performance from investment banking and equities trading divisions, providing a counterpoint to broader financial-sector headwinds. (CNBC)

 Goldman Sachs quantifies how much AI boom fueled inflation

Goldman Sachs economists calculated the inflationary impact of the AI boom, offering insight into how technology sector growth has influenced broader price pressures. (MarketWatch)

 Borrowers shift to riskier mortgages as rates stay elevated

Higher mortgage interest rates continue pushing some home buyers toward adjustable-rate mortgages to manage affordability, a shift that carries increased financial risk for households. (CNBC)

Partner

The charts we read every morning

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Markets 101

How does the Federal Reserve affect stocks?

The Fed sets short-term interest rates. Higher rates make borrowing costlier and bonds more attractive, which often pressures stock valuations; rate cuts often do the reverse.

β€œMarkets are a description of today, not a forecast of tomorrow.”

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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