Wall Street: a record week lifts the S&P 500; banks and inflation data up next
The S&P 500 gained 1.2% over the week, the Dow 0.9% and the Nasdaq 0.6%, while the Russell 2000 lost 0.9%. JPMorgan and other big banks report from Tuesday; US inflation data follow on Wednesday.
Weekly tally according to AP (closes on Friday 9 October): the S&P 500 rose 88.82 points or 1.2% to 7,811.54. The Dow Jones added 477.99 points (0.9%) to 51,654.95 and the Nasdaq Composite 175.31 points (0.6%) to 27,366.17. The Russell 2000 (about 2,000 smaller US firms), however, lost 25.91 points (0.9%) to 2,806.98. Year to date the S&P 500 is up 14.1%, the Nasdaq 17.7% and the Dow 7.5%.
What drove the week: on Tuesday the S&P 500 set a record close, its first since mid-August. It slipped on Wednesday and Thursday before rising 0.6% on Friday. Pressure came from bonds: the 10-year Treasury yield stood at 5.24% on Friday, having recently hit its highest level since 2002, on worries about high inflation and US debt. Oil stays expensive because of the war with Iran: Brent ended at $104.72 a barrel and WTI at $91.85. Gold (December futures) rose 1.43% on Friday to $4,216.30 an ounce.
Friday's big story was SpaceX, which is buying low-band spectrum (radio frequencies for mobile networks) for its Starlink Mobile service. T-Mobile lost 13.3%, AT&T 9.8% and Verizon 8.7%, while tower owners Crown Castle and American Tower gained 15.6% and 9.3%. The deal still needs regulatory approval.
The week of 12–16 October: on Monday (Columbus Day) stock exchanges trade normally, but the US bond market is closed. On Tuesday JPMorgan, Goldman Sachs, Citigroup and Wells Fargo report, kicking off the third-quarter earnings season. Wednesday brings September consumer prices (inflation) plus results from Morgan Stanley and Bank of America; a Reuters poll expects annual inflation of about 3.6%. Thursday has producer prices and retail sales, and Fed Chair Kevin Warsh is due to speak.
| Index | Close | Day % | Week, points | Week % | Year to date % |
|---|---|---|---|---|---|
| Dow Jones | 51,654.95 | +0.83 % | 477.99 | +0.93 % | +7.5 % |
| S&P 500 | 7,811.54 | +0.59 % | 88.82 | +1.15 % | +14.1 % |
| Nasdaq Composite | 27,366.17 | +0.64 % | 175.31 | +0.64 % | +17.7 % |
| Russell 2000 | 2,806.98 | +0.46 % | −25.91 | −0.91 % | +13.1 % |
| Day | Event |
|---|---|
| Mon 12 Oct | Columbus Day: stocks trade, bond market closed |
| Tue 13 Oct | Results: JPMorgan, Goldman Sachs, Citigroup, Wells Fargo |
| Wed 14 Oct | September CPI; results: Morgan Stanley, Bank of America |
| Thu 15 Oct | Producer prices, retail sales; speech by Fed Chair Kevin Warsh |
| Fri 16 Oct | September import and export prices |
| Indicator | Friday 9 Oct | Day % |
|---|---|---|
| Brent crude (USD/barrel) | 104.72 | +0.42 % |
| WTI crude (USD/barrel) | 91.85 | +0.39 % |
| Gold, December futures (USD/ounce) | 4,216.30 | +1.43 % |
| 10-year US Treasury yield (%) | 5.24 | – |
For information only, not investment advice. Prices as of the time stated, not real-time quotes.
Sources
- AP via KRMG: How major US stock indexes fared Friday 10/9/2026
- AP via WHDH: Wall Street finishes its record-setting week with gains (9.10.2026)
- Reuters via Yahoo Finance: Bank earnings, CPI headline busy markets week as S&P 500 hovers near records (9.10.2026)
- Reuters via Yahoo Finance: Oil prices settle higher … (9.10.2026, 16:14 EDT) – Brent 104.72 (+0.42 %), WTI 91.85 (+0.39 %)
- Investrade: Market Review – October 09, 2026
- BigGo Finance: Gold climbs for second day … – Dec. gold futures settled at $4,216.30 (+1.4 %) (10.10.2026)
- investingLive: Week ahead – US inflation and retail sales lead a busy economic calendar (9.10.2026)
- Yahoo Finance: Is the stock market open on Columbus Day? (8.10.2026)
