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Explained - Why the Dow Jones gained 200 points, but Nasdaq fell on Monday
CNBC-TV18 1 hr ago·12 Oct 2026, 11:17 pm
On Monday the Dow Jones Industrial Average rose about 200 points, while the Nasdaq Composite slipped, creating a split‑screen performance on Wall Street.
The gain in the Dow was driven by optimism around earnings reports from its heavyweight financial stocks – JPMorgan, Goldman Sachs, Citigroup and Wells Fargo – which are due to release quarterly results today. Positive sentiment for banks often lifts the broader index, whereas the Nasdaq, dominated by technology names, faced pressure as investors weighed recent profit‑taking and mixed guidance from the sector.
Investors will be watching the banks’ earnings for clues on credit health and interest‑rate outlook, while the next wave of tech results and any updates on Federal Reserve policy could steer the Nasdaq. Upcoming macro data such as inflation and employment numbers will also be key drivers of market direction.
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