Mixed Pre-Markets Greet Fresh Q3 Earnings Reports

Tuesday, October 13th, 2026

Pre-market futures are mixed this morning, as investors press pause on the AI trade for the time being but lower bond yields and spot oil prices are buoying the blue-chips for the time being. The Dow is +420 points, the Nasdaq is -217 and the S&P 500 is splitting the difference, -6 points. The small-cap Russell 2000 is currently +5 points.

We’re seeing a -1.5% drop in both WTI and Brent crude oil prices at this hour: $92 per barrel (/bbl) and $104/bbl, respectively. These are clearly still elevated as Saudi Arabia recovers from its bomb strike over the weekend by Iran-backed Houthi rebels. And bond yields are down from their inflamed levels of last week, taking their cues from the current cooling off of the AI trade.
 

Small-Business Optimism Dips in September

The latest survey from the National Federation of Independent Businesses (NFIB) came down for the second-straight month this morning, to 97.9 for September from 98.7 in August and 99.8 in July, which was the 2026 high. For the third-straight month, labor quality and availability was the #1 concern among small business owners, with #2 being inflation. “Small business owners are proceeding with caution,” stated Chief Economist Bill Dunkelberg.
 

Q3 Earnings Reports Ahead of the Open: JPM, GS, JNJ & More

The biggest of the big Wall Street banks, JPMorgan Chase & Co. JPM, missed Q3 estimates on both top and bottom lines this morning. Earnings of $5.75 per share, while +6% above the $5.07 reported in the year-ago quarter, missed the $5.94 per share estimated in the Zacks consensus. Revenues of $50.17 billion in the quarter came in -3.9% lower than expected, but up from the $46.43 billion a year ago. For more on JPM’s earnings, click here.

The most prestigious of the Wall Street banks, Goldman Sachs GS, also reported Q3 results ahead of today’s open, with much better results: earnings of $17.01 per share stormed past the $12.90 anticipated, for a +31.86% positive earnings surprise, on $18.68 billion in revenues — a +10.75% positive surprise. Shares are up +3.4% on the news in the pre-market, doubling its weak +1.7% gains year to date. For more on GS’ earnings, click here.

Wells Fargo WFC, meanwhile, reported a mixed Q3 this morning, with earnings of $1.87 per share outpacing estimates by 2 cents (and above the $1.73 per share from the year-ago quarter) on revenues of $21.87 billion missing the Zacks consensus by -1.26%. Shares are down -2.8% on the news, compounding the stock’s -10.6% loss year to date. For more on WFC’s earnings, click here.

Outside the finance world, Johnson & Johnson JNJ also released Q3 results ahead of the opening bell today, beating estimates on the bottom line — $2.59 per share versus $2.53 expected — on revenues of $25.40 billion, which only narrowly missed projections. The stock is down -2.3% on the news, pulling back from its +27.4% gains year to date. For more on JNJ’s earnings, click here.

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