Equity ETF Proxies Edge Lower in Quiet Tuesday Session
On Tuesday, October 13, 2026, the four major US equity index ETF proxies all closed modestly lower, with declines ranging from roughly 0.01% to 0.43%. The S&P 500 proxy was essentially unchanged while small-caps lagged. The packet contains no single market-moving catalyst tied to the session itself; the available headlines center on Fed commentary, third-quarter bank results and AI-related corporate news.
Key takeaways
- ETF proxies for the session: SPY -0.01% to 778.01, QQQ -0.33% to 743.57, DIA -0.33% to 516.21, IWM -0.43% to 276.70. These are exchange-traded funds, not the indices themselves.
- Declines were small and broadly uniform; the Russell 2000 proxy fell most, the S&P 500 proxy least.
- New York Fed President John Williams said on Oct. 13 he sees one more rate hike in 2026 but none in 2027, a view CNBC described as at odds with traders' expectations.
- Third-quarter bank earnings are in progress, with results from Wells Fargo and Bank of America among those reported in the packet's coverage window.
- Data quality note: this brief is flagged degraded. 214 tickers lacked a prior-session close and were excluded, and one news feed was unavailable, so movers and headline coverage are incomplete. No causal link between the headlines below and Tuesday's price moves is established by the evidence.
Some inputs were unavailable for this brief.
- Polygon: 214 tickers without a prior-session close were excluded.
- RSS Yahoo Finance: feed unavailable, timed out, or invalid.
Markets
| Ticker and name | Change | Price |
|---|---|---|
| SPYS&P 500 ETF proxy | −0.01% | $778.01 |
| QQQNasdaq-100 ETF proxy | −0.33% | $743.57 |
| DIADow Jones ETF proxy | −0.33% | $516.21 |
| IWMRussell 2000 ETF proxy | −0.43% | $276.70 |
Indices shown via ETF proxies.
Williams signals a shorter rate-hike path than traders expect
CNBC reported on Oct. 13 that New York Fed President John Williams expects one more rate increase in 2026 and no further hikes in 2027 as inflation pressures ease, a stance the report characterized as diverging from market pricing. Separately, a MarketWatch piece published Oct. 14 cited Goldman Sachs calculations arguing core inflation should revert toward the Fed's 2% target in 2027.
Bank earnings season underway
CNBC's Investing Club wrote on Oct. 13 that Wells Fargo's third-quarter results were "not perfect" but that it was upgrading its rating after a pullback in the shares. Separately, MarketWatch reported on the morning of Oct. 14 — after the session covered here — that Bank of America missed on profit alongside a $1.2 billion government fine.
JPMorgan restricts third-party AI agents from account access
JPMorgan Chase is blocking outside AI agents from directly accessing customer accounts, with CEO Jamie Dimon warning about rogue agents operating at scale and saying the bank is building defensive tools, CNBC reported Oct. 13. The move adds to a broader corporate debate over AI guardrails, which Dell CEO Michael Dell also addressed the same day.
Semiconductor results in focus ahead of TSMC report
MarketWatch reported on Oct. 14 that analysts at JPMorgan and Citigroup expect further revenue growth from TSMC ahead of its results, following a record third-quarter figure. A separate MarketWatch piece noted expectations that energy and semiconductor companies will drive third-quarter earnings growth, with HSBC arguing the market could broaden out.
Top movers
US session of 2026-10-13. Close-to-close change. Prices in USD.
Gainers
| Ticker and name | Change | Price |
|---|---|---|
| TCRTTCRT | +188.57% | $3.03 |
| PFAIPFAI | +80.08% | $4.70 |
| FLYEFLYE | +73.17% | $3.55 |
| BKYIBKYI | +71.52% | $2.83 |
| JYDJYD | +56.97% | $1.46 |
| BMBLBMBL | +56.58% | $5.95 |
| ELOGELOG | +46.53% | $1.48 |
| IZMIZM | +44.40% | $1.26 |
| ILAGILAG | +39.09% | $3.38 |
| PMIPMI | +35.19% | $15.33 |
Losers
| Ticker and name | Change | Price |
|---|---|---|
| WFFWFF | −87.73% | $2.12 |
| TGLTGL | −66.90% | $0.28 |
| LNKSLNKS | −57.10% | $0.97 |
| MNDRMNDR | −51.97% | $1.46 |
| BCATrBCATr | −41.67% | $0.00 |
| DKIDKI | −40.20% | $0.09 |
| AZTRAZTR | −39.20% | $0.07 |
| YMATYMAT | −35.74% | $1.87 |
| HUBCHUBC | −35.59% | $0.61 |
| SHFSSHFS | −32.22% | $0.27 |
Sources
- Charles Schwab and DoorDash ranked among bargain stocks that could lead the market higher · MarketWatch
- Bank of America adds a profit miss to the misery of a $1.2 billion government fine · MarketWatch
- My sister moved in with our mother, 78, and now says she deserves the $925,000 family home. Is she right? · MarketWatch
- How to read your body’s warning signs years before you get sick · MarketWatch
- What analysts are watching with key semiconductor maker TSMC set to report results · MarketWatch
- Here’s how much the AI boom is really contributing to inflation, according to Goldman Sachs calculations · MarketWatch
- ‘I am a pretty cautious person’: My financial adviser wants me to invest $350,000 in a UAE data center. Is this risky? · MarketWatch
- BlackRock’s assets equal half the size of the U.S. economy after 15% growth · MarketWatch
- My wife says we can’t afford to retire, so I vetoed her $8,000 trip to Italy. We have $4 million saved. Do I keep working? · MarketWatch
- The truth about being a landlord in retirement · MarketWatch
- Judge extends block on Trump White House ban of MS NOW, CNN and Politico · CNBC
- Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says · CNBC
- South Korean carmaker Hyundai plans 'strategic' investment of $15.5 billion in India by 2032 · CNBC
- FBI arrests Saudi OpenAI employee who allegedly planted recording device in conference room · CNBC
- Goldman says investors are looking for 'profitable' Chinese business growth overseas · CNBC
- Here's where Jim Cramer stands on this newly public AI infrastructure stock · CNBC
- Judge says Musk engaged in intimidation of ex-FEMA CFO Mary Comans, clears her name · CNBC
- United Airlines is making it harder to reach its top frequent flyer status in 2027 · CNBC
- JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts · CNBC
- We're upgrading our rating on Wells Fargo as the stock's pullback offers a nice entry point · CNBC
- Williams says Fed may not have to hike rates in 2027, at odds with traders · CNBC
- Michael Dell says AI needs safeguards and controls, and government has a role to play · CNBC
- Social Security cost-of-living adjustment for 2027 may be above average. Some say it's not enough · CNBC
- Airport attacks put aviation in crosshairs of geopolitical conflicts · CNBC
AIK MARKET UPDATE is for information only and is not financial advice. It is generated automatically and may contain errors.