Stock Market Live: Dow Gains on Bank Earnings While Micron, Sandisk, and SK Hynix Face Sell-Off
Yahoo Finance ·
During Tuesday's live market coverage on October 13, 2026, the Dow Jones Industrial Average advanced by 0.38 percent, supported by strong earnings reports from major financial institutions including JPMorgan and Goldman Sachs. In contrast, the semiconductor sector experienced broad selling pressure. Micron Technology shares retreated 3.88 percent, Sandisk tumbled 5.97 percent, and SK Hynix also recorded losses during the session. Meanwhile, the QQQ ETF tracking tech stocks dropped 0.70 percent, while Bitcoin traded up slightly by 0.47 percent as investors digested the latest corporate earnings and sector rotation.
AI 시장 분석
On October 13, 2026, the Dow Jones Industrial Average closed higher on strong earnings from JPMorgan Chase and Goldman Sachs. Conversely, semiconductor stocks such as Micron (-3.88%), SanDisk (-5.97%), and SK Hynix plummeted due to profit-taking and industry concerns. Investors should note the sector divergence amid the solid fundamentals of major banks and the correction trend in tech stocks.
상승 영향
- Banking — Strong earnings from major banks like JPMorgan Chase and Goldman Sachs boosted stock prices and injected positive sentiment into the broader financial sector.
하락 영향
- Semiconductors — Key memory semiconductor stocks such as Micron (-3.88%), SanDisk (-5.97%), and SK Hynix plummeted and recorded weakness due to heavy selling.
DYAX 전담 분석
Strong earnings from major banking stocks proved the stability of the financial sector and drove the Dow's rise. On the other hand, memory semiconductor stocks faced selling pressure due to fatigue from recent sharp price gains and earnings anxiety, weighing down the index.
If the banking sector's earnings momentum spreads to the broader market, further gains are possible, but an expanded drop in the semiconductor sector could pressure the tech-heavy QQQ index downward. Investors should monitor NAND and DRAM price trends and upcoming earnings announcements from major big tech companies.
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