{"id":64725,"date":"2026-07-13T16:07:16","date_gmt":"2026-07-13T20:07:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-edge-lower-as-earnings-season-gains-momentum-financial-giants-in-focus\/64725\/"},"modified":"2026-07-13T16:07:16","modified_gmt":"2026-07-13T20:07:16","slug":"markets-edge-lower-as-earnings-season-gains-momentum-financial-giants-in-focus","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-edge-lower-as-earnings-season-gains-momentum-financial-giants-in-focus\/64725\/","title":{"rendered":"Markets Edge Lower as Earnings Season Gains Momentum; Financial Giants in Focus"},"content":{"rendered":"<p>The U.S. stock market experienced a day of cautious trading on Monday, July 13th, 2026, as investors braced for a heavy week of corporate earnings and critical economic data. Major indexes remained largely range-bound, finishing the session with marginal losses as the market shifted its focus from recent momentum toward the fundamental health of Corporate America.<\/p>\n<h2>Major Index Performance<\/h2>\n<p>The broad market indicators showed a slight downward bias throughout the day. The State Street SPDR <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> ETF Trust (<a href=\"\/stock\/SPY\">SPY<\/a>), which tracks the benchmark S&amp;P 500, ended the session down 0.02%. Tech-heavy growth stocks faced similar pressure, with the Invesco QQQ Trust (<a href=\"\/stock\/QQQ\">QQQ<\/a>) declining by 0.04%. Blue-chip stocks were not immune to the drift, as the State Street SPDR <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average ETF Trust (<a href=\"\/stock\/DIA\">DIA<\/a>) slipped 0.01%. Meanwhile, small-cap stocks, represented by the iShares Russell 2000 ETF (<a href=\"\/stock\/IWM\">IWM<\/a>), also retreated by 0.02%.<\/p>\n<p>Volatility remained relatively subdued despite the minor pullback, with the iPath Series B S&amp;P 500 VIX Short-Term Futures ETN (<a href=\"\/stock\/VXX\">VXX<\/a>) falling 0.04%. In the commodities space, the United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) rose 0.13%, while <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> and <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> prices saw modest gains, with the SPDR Gold Trust (<a href=\"\/stock\/GLD\">GLD<\/a>) up 0.08%.<\/p>\n<h2>Corporate News and Tech Movers<\/h2>\n<p>In the technology sector, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) saw its share price decline by 1.1% as investors locked in profits ahead of the next wave of AI-related catalysts. <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) was one of the most active stocks of the day, falling 5.0% amid shifting sentiment in the semiconductor space.<\/p>\n<p>Outside of the tech giants, there were significant moves in the biotech and small-cap sectors. Twin Vee PowerCats Co. (<a href=\"\/stock\/VEEE\">VEEE<\/a>) skyrocketed by 151.8% on massive volume, while Q32 Bio Inc. (<a href=\"\/stock\/QTTB\">QTTB<\/a>) surged 63.5%. Conversely, Tutor Perini Corporation (<a href=\"\/stock\/TPC\">TPC<\/a>) struggled, dropping 77.0% during the session.<\/p>\n<p>In the <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> and active trading sessions, Space Exploration Technologies Corp. (<a href=\"\/stock\/SPCX\">SPCX<\/a>)\u2014better known as SpaceX\u2014saw a minor decline of 0.5%, while Agenus Inc. (<a href=\"\/stock\/AGEN\">AGEN<\/a>) rallied 61.6% following positive corporate developments.<\/p>\n<h2>Earnings Highlights and Upcoming Events<\/h2>\n<p>The second-quarter earnings season kicked off in earnest today. Before the opening bell, Fastenal Co (<a href=\"\/stock\/FAST\">FAST<\/a>) reported its results for Q2 2026, with an estimated EPS of $0.32. After the close, FB Financial Corporation (<a href=\"\/stock\/FBK\">FBK<\/a>) is scheduled to release its quarterly figures, with analysts looking for an EPS of $1.16.<\/p>\n<p>The market&#39;s primary focus, however, is on the &quot;Big Bank&quot; reports scheduled for Tuesday, July 14th. Major financial institutions including JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>), Bank of America Corporation (<a href=\"\/stock\/BAC\">BAC<\/a>), Goldman Sachs Group Inc. (<a href=\"\/stock\/GS\">GS<\/a>), Wells Fargo &amp; Co. (<a href=\"\/stock\/WFC\">WFC<\/a>), and Citigroup Inc. (<a href=\"\/stock\/C\">C<\/a>) are all set to report before the market opens tomorrow. These results are expected to provide a definitive look at the health of the U.S. consumer and the impact of the current interest rate environment on net interest margins.<\/p>\n<p>Looking further ahead into the week, tech and healthcare will take center stage with reports from ASML Holding NV (<a href=\"\/stock\/ASML\">ASML<\/a>) and Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) on Wednesday, followed by the highly anticipated Netflix Inc (<a href=\"\/stock\/NFLX\">NFLX<\/a>) report on Thursday afternoon. These releases will be critical in determining if the current market valuations are supported by actual bottom-line growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market experienced a day of cautious trading on Monday, July 13th, 2026, as investors braced for a 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