The Dow Jones and small-cap stocks rose on a weekly basis, while the Nasdaq fell due to the poor earnings reports of large tech companies.
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Stock Preachers states that during the week when financial reports were being released intensively, the performance of major U.S. stock indices was mixed: the Dow Jones and the Russell 2000 indices rose, while the Nasdaq and the S&P 500 indices fell. The article also summarizes the latest quarterly earnings and company guidance from Meta, Texas Instruments, RTX, IBM, and First Citizen Bank Holdings. All relevant data and executive statements are cited from the announcements of each company.
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Vancouver, British Columbia, October 23, 2026 / PRNewswire / – According to market commentators Stock Preachers, at the end of a week marked by volatile financial reports, U.S. stocks showed a divided performance: the Dow Jones Industrial Average rose by 0.64%, the Russell 2000 Index rose by 2.07%; the Nasdaq Composite Index fell by 0.45%, and the S&P 500 Index fell by 0.22%. While traders were digesting the third-quarter earnings, VIX rose to 19.40, and VXN rose to 28.13. Gold fell by 3.47% this week, silver fell by 4.90%, while WTI crude oil rose by 3.74% alone on Thursday. The yield on 10-year U.S. Treasury bonds dropped by 11 basis points to 4.99%.

This week, there was a clear divergence among the benchmark indices for large-cap stocks. The Dow Jones Industrial Average closed at 52,337.54 points; although it fell by 1% on Friday, it still rose by 0.64% for the week. The S&P 500 Index closed at 7,642.22 points, down 0.22% for the week, after reaching a high of 7,770.40 points earlier in the week. The Nasdaq Composite Index closed at 26,022.45 points, down 0.45% for the week, mainly due to the weak performance of large tech stocks following the release of a number of financial reports.

The Russell 2000 Index performed the most prominently, closing at 2,777.63 points, with a week-on-week increase of 2.07%. As investors shifted their focus to stocks with smaller market capitalizations, this index outperformed its larger-cap peers. RSI data shows that the Nasdaq Index was at 38.9, and the S&P 500 Index at 43.5, both in a relatively cooling range; however, the Dow Jones Industrial Average RSI stood at 54.1, reflecting its relative strength this week.

As the weekend approaches, volatility has increased. VIX has risen by 0.96 points this week to 19.40, while VXN has climbed by a full 1 point to 28.13. In the commodities market, natural gas soared by 8.66% on just Thursday, although it still fell by 0.65% for the whole week; copper prices rose by 2.44% in a single day. The US dollar strengthened slightly against the euro, with the euro/dollar exchange rate falling by 0.24% this week to 1.12.

The complete report also breaks down the key support and resistance levels for each index, other individual stocks driven by financial reports, as well as market sentiment ahead of next week's trading period.

The article then lists other industry developments in the market this week:

Meta Platforms, Inc. (Nasdaq : META) Meta announced third-quarter revenue of $64.6 billion, a year-on-year increase of 26%. However, net profit of $9.86 billion was affected by a cost of $9.89 billion, which is related to an agreement reached with 52 state attorneys general regarding lawsuits concerning adolescent mental health and social media. Diluted earnings per share were $3.83, a year-on-year increase of 265%; if this litigation cost is excluded, earnings per share would be $7.40.

The operating profit margin dropped from 40% in the same period of the previous year to 20%, while costs and expenses increased by 68% to $51.61 billion. Capital expenditures, including lease payments, totaled $34.91 billion, and the free cash flow for that quarter was negative $2.12 billion.

Meta Founder and CEO Mark Zuckerberg stated: "This quarter, we have achieved an important milestone in providing personal superintelligence for everyone – including the launch of Muse and Muse Wonder, which is our first cutting-edge model. Our investments are paying off, our core business remains strong, and all segments are accelerating." The company expects revenue in the fourth quarter to be between $73 billion and $76 billion, and has raised its full-year 2026 expense guidance to $175 billion to $179 billion.

Texas Instruments Incorporated ( Nasdaq : TXN ) Texas Instruments reported third-quarter revenue of $6.06 billion, a year-on-year increase of 28%; net profit of $2.43 billion, and earnings per share of $2.62. Operating profit increased by 73% to $2.87 billion, with revenue growing by 11% quarter-over-quarter.

Texas Instruments Chairman, President, and CEO Haviv Ilan stated: "Driven by the continuous and widespread growth in industries, automotive, and data centers, revenue increased by 11% month-over-month and by 28% year-over-year." Over the past 12 months, the company generated $9.9 billion in operating cash flow and $8.4 billion in free cash flow.

The company has returned $5.8 billion to shareholders over the past 12 months and expects revenue in the fourth quarter to be between $5.8 billion and $6.3 billion, with earnings per share expected to range from $2.45 to $2.79.

RTX ( NYSE : RTX ) RTX announced third-quarter sales of $25 billion, a year-on-year increase of 11%, and an organic growth of 12%; adjusted earnings per share were $2.26, a year-on-year increase of 33%. GAAP Earnings per share were $1.89. Operating cash flow was $2.9 billion, and free cash flow was $2.1 billion, with the results including a IEEPA cost recovery of $0.25 per share.

After securing new orders worth over $81 billion (including "Tomahawk" missiles and a multi-year production contract for AMRAAM), the company's backlog has reached a record $340 billion, with $176 billion coming from its commercial business and $164 billion from its defense business.

RTX, Chairman and CEO, Chris Calio, stated: "Strong execution and operational focus in the third quarter enabled RTX to achieve double-digit organic sales growth in both the commercial aerospace and defense sectors." The company has raised its adjusted earnings per share forecast for the year to $7.65 to $7.75 and increased its adjusted sales guidance to $97 billion to $97.5 billion.

IBM ( NYSE : IBM ) IBM announced third-quarter revenue of $17.1 billion, a 5% increase on a reported basis and a 6% increase on a fixed exchange rate basis. Among this, software business revenue grew by 8%, and infrastructure business revenue grew by 4%. GAAP Diluted earnings per share were $2.31, a year-on-year increase of 26%; operating earnings per share (excluding GAAP) were $2.95, a year-on-year increase of 11%.

The company generated $4 billion in net cash from operating activities this quarter, with $3 billion in free cash flow, an increase of $700 million year-over-year. Since the beginning of this year, free cash flow has reached $7.8 billion.

IBM Chairman, President, and CEO Arvind Krishna stated: "The strict implementation throughout the quarter has driven accelerated revenue growth and strong free cash flow." IBM Currently, it is estimated that annual free cash flow will increase by over $1 billion year-over-year, while continuing to maintain a revenue growth guidance of 4% to 5% based on a fixed exchange rate.

First Citizens BancShares, Inc. (Nasdaq : FCNCA) First Citizen Bank Holdings announced a net profit of $606 million for the third quarter, which is lower than the $672 million in the previous quarter. The net profit attributable to common stockholders was $577 million, or $51.23 per share of common stock, a decrease of $63 million from the $640 million in the previous quarter.

Net interest income rose to $1.7 billion, an increase of $43 million from the previous corresponding quarter; the net interest margin decreased by 3 basis points to 3.07%. On September 4, 2026, the company completed the acquisition of the assets of the BMO branch, taking over approximately $4.9 billion in deposits and acquiring about $650 million in loans.

Chairman and CEO Frank B. Holding. Jr stated: "We returned $600 million to shareholders through stock repurchases and further optimized our balance sheet by repaying an additional $8 billion in capital notes. The board of directors has approved a new repurchase plan that authorizes the repurchase of up to $1.2 billion in Class A common shares by 2027."

This article is described as a market review, not paid advertising. The article was published by Stock Preachers, which is wholly owned and operated by Market Equities Limited (registered in Ireland) (MEL). It is stated in the article that this is an independent market review published on a non-paid basis; MEL has not received any fees from any of the companies mentioned in the article for the production or distribution of this review, nor has it signed any advertising or digital media agreements with any of these companies. It is also mentioned in the article that the companies have not reviewed or approved this content.

The text also reveals that Market Equities and its owners, operators, directors, and related parties may occasionally hold the securities mentioned in the text, or positions in broad market index funds that track these securities, and retain the right to buy, sell, or hold these securities at any time without prior notice. The information in the article comes from sources considered reliable, including company press releases and public market data, but its accuracy is not guaranteed. The market data is as of the time mentioned in the text and may be subject to delays. Some of the commentary content was generated using automated tools based on relevant data and has been reviewed accordingly.

It is stated in the text that investing in securities carries risks, including the possibility of losing part or all of the investment. Technical analysis describes past price and volume behavior and cannot predict future outcomes; support and resistance levels may become ineffective at any time. References to companies mentioned in the text are used solely for market and industry context, as well as to summarize their public press releases, and do not imply any cooperation, affiliation, or endorsement. They also do not constitute advice to buy, sell, or hold any securities. Quotations attributed to company executives are reproduced from those companies' respective press releases.

Forward-looking statementsThis article may contain forward-looking statements as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements made by the companies mentioned in this article in their press releases. Such statements involve risks and uncertainties, and actual results may differ significantly. Readers are advised to refer to the documents submitted by each company to the U.S. Securities and Exchange Commission and the applicable Canadian securities regulatory authorities.

It is also mentioned in the text that Eagle Eye is an investment signaling intelligence platform associated with the publisher of this article. Eagle Eye is not a brokerage dealer, and any content provided by it does not constitute investment advice. Data may be delayed, and readers should conduct their own research.

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