Stock Market Newsยท2025-10-14 18:07Market Performance - U.S. equities showed resilience with major indexes recovering from earlier losses, reflecting a complex interplay of strong bank earnings and U.S.-China trade tensions [1][2] - The S&P 500 rose approximately 0.3%, the Dow Jones Industrial Average increased about 0.9%, while the Nasdaq Composite remained down around 0.1% [2] Sector Performance - Defensive consumer staples saw a modest rise of 0.5%, while the S&P 500 tech sector declined by 1.8% [3] - The S&P 500 banking index dropped 1.4% despite strong earnings reports from major lenders [3] - Consumer discretionary stocks fell by 1.3%, with Tesla (TSLA) notably down approximately 3% [3] Corporate Earnings - Major financial institutions reported strong third-quarter earnings, with JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo all surpassing analyst estimates [6] - JPMorgan Chase reported a profit jump but saw its stock slip less than 1% due to geopolitical concerns [8] - Citigroup's profit surged 16%, leading to a 4.4% increase in its shares [8] - Goldman Sachs announced a significant profit surge but its stock dipped 0.3% [8] - Wells Fargo's shares rose 8% in early trading and 2.9% later, following strong net interest income [8] Noteworthy Corporate Developments - Albertsons Companies (ACI) stock jumped 10% after better-than-expected fiscal second-quarter results [12] - General Motors (GM) announced a $1.6 billion charge related to its electric vehicle business [12] - Broadcom (AVGO) shares were down 2% after a previous surge related to a partnership with OpenAI [12] - Johnson & Johnson (JNJ) raised its full-year sales outlook due to gains in prescription-drug and medical-device segments [12] - BlackRock (BLK) reported strong quarterly results with assets hitting a record $13.5 trillion [12] - Rare earth stocks saw significant movement amid renewed U.S.-China trade tensions, with Critical Metals (CRML) surging 27% [12]