{"id":72954,"date":"2026-10-13T14:07:13","date_gmt":"2026-10-13T18:07:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-and-financials-diverge-as-q3-earnings-season-kicks-off-in-earnest\/72954\/"},"modified":"2026-10-13T14:07:13","modified_gmt":"2026-10-13T18:07:13","slug":"energy-and-financials-diverge-as-q3-earnings-season-kicks-off-in-earnest","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-and-financials-diverge-as-q3-earnings-season-kicks-off-in-earnest\/72954\/","title":{"rendered":"Energy and Financials Diverge as Q3 Earnings Season Kicks Off in Earnest"},"content":{"rendered":"<p>The U.S. stock market exhibited a mixed performance during Tuesday afternoon trading, October 13th, 2026, as investors juggled the start of a heavyweight earnings season against a backdrop of fluctuating commodity prices and Treasury yields. While the broader market remained relatively flat, significant dispersion occurred under the hood, with energy stocks surging and technology-heavy indexes facing modest downward pressure.<\/p>\n<h2>Major Market Indexes and Afternoon Performance<\/h2>\n<p>As of the afternoon session, the major market indexes are showing a slight tilt toward the red, though the price action remains contained. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>) is trading nearly flat with a marginal decline of 0.01%. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DIA\">DIA<\/a>) has retreated by 0.33%, weighed down by specific blue-chip components following their morning reports.<\/p>\n<p>The tech-heavy Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>) is currently the laggard among the major averages, down 0.38%. This weakness is partially attributed to a pullback in the semiconductor space, with the VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>) falling 0.99%. Small-cap stocks are also seeing some selling pressure, as the iShares Russell 2000 ETF (<a href=\"\/stock\/IWM\">IWM<\/a>) has declined 0.26%.<\/p>\n<p>In the bond market, there is a notable move toward safety or a reaction to shifting interest rate expectations. The iShares 20+ Year Treasury Bond ETF (<a href=\"\/stock\/TLT\">TLT<\/a>) has climbed 0.5%, indicating a drop in long-term yields. Volatility, as measured by the iPath Series B S&amp;P 500 VIX Short-Term Futures ETN (<a href=\"\/stock\/VXX\">VXX<\/a>), is up slightly by 0.13%.<\/p>\n<h2>Sector Highlights and Commodity Moves<\/h2>\n<p>The standout performer of the day is the Energy sector. Driven by a 0.85% rise in the United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>), energy-related equities have caught a strong bid. The State Street SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (<a href=\"\/stock\/XOP\">XOP<\/a>) is leading the charge with a 2.55% gain, followed closely by the State Street Energy Select Sector SPDR ETF (<a href=\"\/stock\/XLE\">XLE<\/a>), which is up 1.48%.<\/p>\n<p>Conversely, the Health Care and Biotech sectors are facing significant headwinds. The State Street Health Care Select Sector SPDR ETF (<a href=\"\/stock\/XLV\">XLV<\/a>) has dropped 1.33%, while the State Street SPDR S&amp;P Biotech ETF (<a href=\"\/stock\/XBI\">XBI<\/a>) has tumbled 2.69%. Technology (<a href=\"\/stock\/XLK\">XLK<\/a>) and Financials (<a href=\"\/stock\/XLF\">XLF<\/a>) are also trading in negative territory, down 0.22% and 0.26% respectively.<\/p>\n<h2>Q3 Earnings Season and Corporate News<\/h2>\n<p>Today marks the unofficial &quot;kick-off&quot; of the third-quarter earnings season with several major financial institutions reporting before the opening bell. JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>) reported Q3 earnings of $5.89 per share on revenue of $50.63 billion. Other major banks reporting this morning included 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>). These results are being closely scrutinized for signs of consumer health and the impact of the Federal Reserve&#39;s recent interest rate trajectory.<\/p>\n<p>In the healthcare space, Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) posted earnings of $2.53 per share, while UnitedHealth Group Incorporated (<a href=\"\/stock\/UNH\">UNH<\/a>) also shared its latest quarterly results. Blackrock, Inc. (<a href=\"\/stock\/BLK\">BLK<\/a>) rounded out the morning&#39;s major reports with an EPS of $14.30.<\/p>\n<p>In individual stock news, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> Corp (<a href=\"\/stock\/NVDA\">NVDA<\/a>) is seeing active trading but has slipped 0.9%, tracking the broader weakness in the semiconductor sector. Meta Platforms, Inc. (<a href=\"\/stock\/META\">META<\/a>) is also down 0.9%. In the <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> and early session, unusual volume was seen in Alaunos Therapeutics, Inc. (<a href=\"\/stock\/TCRT\">TCRT<\/a>), which surged 64.3%, and Bumble Inc. (<a href=\"\/stock\/BMBL\">BMBL<\/a>), which jumped 57.2%. On the downside, <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) fell 5.5% amid active selling.<\/p>\n<h2>Upcoming Market Events<\/h2>\n<p>Looking ahead, the earnings calendar remains packed. Tomorrow, Wednesday, October 14th, will see highly anticipated reports from ASML Holding NV (<a href=\"\/stock\/ASML\">ASML<\/a>), Bank of America Corporation (<a href=\"\/stock\/BAC\">BAC<\/a>), and Morgan Stanley (<a href=\"\/stock\/MS\">MS<\/a>). On Thursday, the focus will shift to Taiwan Semiconductor Manufacturing Company Ltd. (<a href=\"\/stock\/TSM\">TSM<\/a>) and Netflix Inc (<a href=\"\/stock\/NFLX\">NFLX<\/a>), which reports after the close. Investors are also keeping a close eye on upcoming economic data and Federal Reserve commentary to gauge the likelihood of further inflation cooling and subsequent policy decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market exhibited a mixed performance during Tuesday afternoon trading, October 13th, 2026, as investors juggled the start 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