Explained - Why the Dow Jones gained 200 points, but Nasdaq fell on Monday

Benchmark indices on Wall Street had a quiet start to the week on Monday, October 12, as the indices ended on a mixed note ahead of big banking results and some key inflation readings through the course of the week. The Dow Jones ended 200 points higher on Monday and outperformed its peers, both S&P 500 and the Nasdaq. While the S&P 500 ended just below the flat line, the Nasdaq ended with losses of 0.4%.

FAQs Gains on the Dow Jones were boosted by shares of Salesforce, which rose over 2% after a double upgrade from Bank of America. Salesforce is an important constituent on the Dow Jones. Bank of America double upgraded Salesforce to "buy" from "underperform", and also raised its price target to $285 from $160 earlier, implying an upside potential of 24% from last Friday's close The Nasdaq fell 0.4%, pressured by a drop in shares of Micron, which declined n Micron shares fell after Chinese memory giant CXMT reported progress in a new memory chip, which is a next-generation DRAM memory and competes with products from big US and South Korean memory makers.

Today is a very important session for Wall Street, particularly the Dow Jones, as some of its key constituents will be reporting numbers today. Major banks, JPMorgan, Goldman Sachs, Citigroup and Wells Fargo, all part of the Dow, will be reporting numbers for the quarter gone by today. Ahead of the numbers, the KBW Bank index is in a "technical correction", having declined 12% so far from the top.

In addition to major banks, UnitedHealth, another key weightage on the Dow Jones, will be reporting results before market open today. No other major macro report is scheduled for today ahead of the September CPI print, which will be released on Wednesday evening Indian time. Price action seen on Wall Street was on subdued volumes as they turned out to be the lowest in 2026 so far.

Bond markets were also shut on Monday due to a holiday. Further gains on Wall Street were also capped by a rise in crude oil prices, with Brent rising above the $107 a barrel mark, before finally settling at $106.65, as Ukraine accused Russia of violating the ceasefire announced by US President Donald Trump, and Houthi attacks continued in Saudi Arabia. Tags Home / Market News / Explained - Why the Dow Jones gained 200 points, but Nasdaq fell on Monday

Source: CNBC TV18