Market Close: Stocks Mixed, Subscription Muse Assistant, October Surprise Watch • 10/12/26

0:00See NBC Business News Update. I'm Jessica Ettinger. Wall Street opens Tuesday morning after a mixed Columbus Day Monday of trading. The bond markets were closed for the holiday. Investors are getting set for earnings season. On Monday, the Dow was up 195 points. Salesforce shares let it higher. They were up 2%. The S &P 500 index down 4 points. On Monday, the Nasdaq fell 120 points. Most of the big chipmaker names were in the red. Companies whose shares hit fresh all-time highs on Monday include AbbVie, Palantir, and Visa. The bull market turned four years old Monday. Here's CNBC's Brian Sullivan.

0:43Over the last four years, the Dow has returned 78%. The S &P 500 up 118%. And the Nasdaq, really printing the money, up 162%. Meta debuted the new Muse Wonder AI model at a price. Users of the Muse AI Assistant app will have to subscribe at a monthly cost of$20 to$100. The FAA has warned U.S. airlines of safety risks after attacks at the airport in Riyadh, the capital of Saudi Arabia. Delta now delaying the launch of its new service to Saudi Arabia until next March. Here's more from CNBC's Brian Sullivan, Sarah Eisen and Carl Quintanilla. Delta flights from Atlanta to Riyadh. Well, they're going to postpone it.

1:28The first ever direct flight to Saudi Arabia was supposed to happen on Delta from Atlanta on October 23rd. This is ahead of the big FII conference. There's safety issues here. Boards are going to say to CEOs, we just don't think it's right. But the conference is underway. We don't want this kind of stuff to win out, right? Like they're clearly trying to scare people off. that's the definition of terror. Big banks are set to report quarterly results for the unofficial start of earnings season Tuesday morning. Here's Robert W. Baird's David George on CNBC. Overall, I think it's going to be a pretty good quarter again.

2:04Things are kicking off with JP Morgan and some of the big money center peers. Earnings overall, we're expecting to grow 20 percent year over year. Oil prices were higher on Monday for both U.S. crude and Brent crude. Overseas, eyebrows are raised over President Trump's deal with Russia to try to lower diesel prices in the U.S. before midterm elections, which are three weeks away. Here's CNBC's Steve Sedgwick with the National Center for Energy Analytics in Washington, D.C.'s Neil Atkinson. I didn't think I would see this kind of deal between the U.S. and Russia. Well, one of the biggest exporters of diesel on the planet is asking one of the other biggest exporters of diesel to sell it oil.

2:47This is quite an extraordinary deal that presidents Trump and Putin have made. But the reality of it is, is that the volumes talked about are very small. Experts are watching for a midterm October surprise that could sway voters at the last minute. A very real contender for a shock to the election. The decision that is, of course, illegal to suspend sanctions on Russian imports of diesel. This is causing a fracture within the Republican conference in a couple of really important states. The entire delegation of Alaska, John Curtis in Utah, and then also Mike Rogers in Michigan. This tension between Trump supporting Russia and the Republican conference strongly supporting Ukraine could upend this election going into the final stretch.

3:35Data Partners, Henrietta Trays on CNBC. Apple is hosting a product launch on Tuesday. It's said to include home products. Also on Tuesday's watch list, we do get earnings from banks like JPMorgan Chase, Citigroup, and Goldman Sachs. Jessica Edinger, CNBC. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Schwab Market Update, an original podcast from Charles Schwab, provides an information-packed daily market preview on stock updates, U.S. and global economic news, monetary policy decisions, and key results and statistics that may impact your trading.

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