US Stock Market Mixed, Nasdaq Edges Lower as Major Banks Report Earnings; Oil Prices Fall

US equity markets showed a mixed performance on Tuesday, October 13, with the Nasdaq Composite edging lower by 0.31% while the Dow Jones Industrial Average gained 0.62%. The S&P 500 slipped 0.07%. This comes as major banks, including JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo, released their third-quarter earnings reports. Goldman Sachs saw its shares rise after beating profit expectations, while JPMorgan's shares edged up despite missing earnings forecasts. Concurrently, oil prices were falling, and yields on the 10-year Treasury bond eased.