AgentFlareNewswire · Markets · Mon, Oct 12, 2026
US stocks trade on Columbus Day as futures point higher before bank earnings
US equity markets are open on Monday, Oct. 12, while the bond market is closed. S&P 500 futures rose 0.12% as oil eased and third-quarter bank earnings approached.
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Wall Street open on Columbus Day; bond market closed
US stock markets, including the NYSE and Nasdaq, are operating on a normal schedule on Monday, Oct. 12, 2026, even though Columbus Day and Indigenous Peoples' Day fall on that date. The bond market is closed, according to the Securities Industry and Financial Markets Association. Equities were last shut on Sept. 7 for Labor Day, and the next scheduled stock market closure is Thursday, Nov. 26, for Thanksgiving. Early closures are also planned around Thanksgiving and Christmas, with other holidays still to come.
Why it mattersEquities can react to news on a day when Treasuries are not trading, which can leave liquidity thinner on the bond side.
Futures edge higher as third-quarter bank earnings begin
US stock futures pointed to a firmer start on Monday. S&P 500 futures rose 0.12%, Nasdaq 100 futures added 0.24%, and Dow futures advanced 28 points, or 0.05%. A Polymarket contract on the S&P 500 open showed a 78% chance of a higher open. Major indexes closed higher on Oct. 9, with rate-sensitive sectors leading as Treasury yields edged down. Ed Yardeni noted that consensus third-quarter S&P 500 earnings growth has been revised up to 30.6% year-over-year, with all 11 sectors expected to post positive revenue and profit growth.
Why it mattersBank results open earnings season, and strong profit expectations are supporting valuations after a broad rally.
Oil slips on Russia-Ukraine energy truce but stays above $100
Brent crude was down 1.4% at $103.35 a barrel on Monday, having slipped below $104. Markets weighed President Donald Trump's Sunday statement that Russia and Ukraine had agreed to halt attacks on each other's energy infrastructure, plus a Friday announcement of a diesel-supply deal with Moscow. Escalating Middle East tensions and fresh attacks on tankers in the Strait of Hormuz continued to hold prices above $100. Asian markets were mixed, with South Korea's Kospi down 1.34% and Australia's S&P/ASX 200 up 0.61%.
Why it mattersEnergy costs feed into corporate margins and inflation, so a lasting drop in crude could ease pressure on earnings and yields.
Yahoo Finance editor warns on oil, yields and AI valuations
Brian Sozzi of Yahoo Finance argues that investors should expect more volatile sessions in the coming weeks. He points to oil above $100 a barrel, which he says weighed on PepsiCo's results, and a 10-year Treasury yield that touched 5.33% on Thursday. He also cites Harvard professor Kenneth Rogoff's concern about US debt. On valuations, CrowdStrike trades at 43.5 times forward price-to-sales, above its 2021 peak multiple, with a forward P/E of 209 times. Sozzi also notes AMD shares have been hitting record highs.
Why it mattersHigher borrowing costs and stretched AI-linked multiples raise the risk of sharper pullbacks if earnings or macro data disappoint.
JPMorgan expected to post about 17% earnings growth
JPMorgan Chase is expected to report year-over-year earnings growth of approximately 17% for the third quarter of 2026 as earnings season gets under way, according to GuruFocus. The bank has a market capitalization of $885.15 billion, a dividend yield of 1.9% and a payout ratio of 26%. Its GF Value is $309.67 against a share price of $332.99, which GuruFocus says implies the stock is about 7.5% overvalued, though it still classes the shares as fairly valued. State Street and Citizens Financial are also expected to show gains of 32%.
Why it mattersJPMorgan's results are an early read on bank earnings, capital markets activity and consumer credit for the season.
Bitcoin and XRP remain well below their record highs
As of Oct. 11, 2026, Bitcoin traded around $82,966, about 34% below its all-time high of $126,080. XRP was near $1.39, roughly 62% below its peak of $3.65. For 2026 so far, Bitcoin is down 5.3% while XRP is down 23.9%. Over the past month Bitcoin has gained 7.3% and XRP 2.9%. US spot Bitcoin ETFs manage approximately $105.8 billion, versus about $1.6 billion in XRP ETFs, which the report says makes Bitcoin's fund market about 67 times larger.
Why it mattersThe gap in drawdowns and ETF assets shows how differently institutional access shapes the two assets' recovery prospects.
Data behind the stories
On Oct. 9, SPY closed at $778.57, up 0.60%, and QQQ at $751.27, up 0.49%, while DIA ended at $516.11, up 0.87%. Over roughly one month, QQQ is up 6.01% and SPY up 2.74%, but IWM is down 3.04% and DIA down 0.89%. JPM closed at $332.99, up 0.47% on the day but down 5.82% over about a month, and NVDA closed at $229.28, down 0.52%.
What to watch
- Third-quarter bank earnings officially begin this week, with JPMorgan among the lenders expected to show year-over-year profit growth. tradingview.com GuruFocus
- CPI data is due this week alongside the start of bank earnings, according to Investing.com headlines. investing.com
- The next scheduled US stock market closure is Thursday, Nov. 26, for Thanksgiving. usatoday.com
Key takeaways
- US stocks trade normally on Oct. 12 while the bond market is closed for Columbus Day.
- Futures are modestly higher, with Brent at $103.35 after the proposed Russia-Ukraine energy ceasefire.
- Bank earnings open the season, but the 10-year yield touching 5.33% and oil above $100 keep valuation worries alive.
FAQ
Is the stock market open on Columbus Day 2026?
Yes. US stock markets, including the NYSE and Nasdaq, trade normally on Monday, Oct. 12, 2026. The bond market is closed, according to the Securities Industry and Financial Markets Association.
When is the next US stock market holiday after Columbus Day?
The next scheduled stock market closure is Thursday, Nov. 26, in observance of Thanksgiving. Early closures are also planned around Thanksgiving and Christmas.
What are US stock futures indicating for Oct. 12?
S&P 500 futures rose 0.12%, Nasdaq 100 futures added 0.24%, and Dow futures advanced 28 points, or 0.05%. A Polymarket contract showed a 78% chance of a higher S&P 500 open.
The wire
Every item considered for this digest, newest first — published within 48h of 2026-10-12 23:59 UTC.
- Is the stock market open on Columbus Day, Indigenous People's Day? usatoday.com · 2026-10-12 12:00
- Stock Market: Will S&P 500 Open Up or Down Today? — TradingView News tradingview.com · 2026-10-12 06:19 · +2 outlets
- Bubble-like stock valuations and debt crisis chatter aren't exactly bullish finance.yahoo.com · 2026-10-12 05:00
- Is the US stock market open today on Columbus Day 2026? Check trading hours m.economictimes.com · 2026-10-12 05:00
- Is the Stock Market Open Today? Here Are the Trading Hours for Columbus Day.<!-- --> barrons.com · 2026-10-12 04:01
- Why is Hon Hai Precision Industry stock falling today? investing.com · 2026-10-12 02:33
- Stock Market Today: All You Need To Know Before Going Into Trade On Oct 12 ndtvprofit.com · 2026-10-12 00:30
- As the artificial intelligence (AI) agent market grows rapidly, the positions of commerce platforms .. mk.co.kr · 2026-10-11 21:00
- Darknet bitcoin: the US collects, Saxony sold cryptoticker.io · 2026-10-11 18:40
- Should You Buy Bitcoin or XRP Right Now? The Case for Each 247wallst.com · 2026-10-11 16:30
- JPMorgan Chase (JPM) Poised for Q3 Earnings Growth Amid Solid Di GuruFocus · 2026-10-11 16:04
- Nvidia Stock: Finding New Ways To Extend The AI Growth Runway (NASDAQ:NVDA) Seeking Alpha · 2026-10-11 15:05
How this digest is made. Headlines and article text come from the AISA Financial News and Tavily APIs; only items published in the last 48 hours are eligible, and duplicates across outlets are merged. A language model writes the summaries strictly from those texts and the live market data shown — every story links to its sources. Market data: AISA Financial, CoinGecko, Polymarket and Macro APIs.
Sources & citations
- Is the stock market open on Columbus Day, Indigenous People's Day? usatoday.com · 2026-10-12
- Is the US stock market open today on Columbus Day 2026? Check trading hours m.economictimes.com · 2026-10-12
- Is the Stock Market Open Today? Here Are the Trading Hours for Columbus Day.<!-- --> barrons.com · 2026-10-12
- Stock Market: Will S&P 500 Open Up or Down Today? — TradingView News tradingview.com · 2026-10-12
- Stock Market Today: All You Need To Know Before Going Into Trade On Oct 12 ndtvprofit.com · 2026-10-12
- Why is Hon Hai Precision Industry stock falling today? investing.com · 2026-10-12
- Bubble-like stock valuations and debt crisis chatter aren't exactly bullish finance.yahoo.com · 2026-10-12
- JPMorgan Chase (JPM) Poised for Q3 Earnings Growth Amid Solid Di GuruFocus · 2026-10-11
- Should You Buy Bitcoin or XRP Right Now? The Case for Each 247wallst.com · 2026-10-11