Stocks Mixed as Big Bank Earnings Beat Estimates But Geopolitical Tensions Weigh on Investors

Stocks were mixed on Friday after big US banks reported upbeat profits, while Middle East tensions kept investors cautious. The Dow rose and S&P slipped, but the Nasdaq fell more sharply.

JPMorgan, Wells Fargo, and Citigroup beat Q3 earnings estimates. Bank results will show how they are handling higher interest rates and weak dealmaking.

Oil prices jumped over 4% on Middle East worries and tighter US sanctions on Russian crude. Microsoft closed its $69 billion Activision Blizzard acquisition after UK approval.

The University of Michigan consumer sentiment index tumbled 7% in October on high prices, even as the chance of a Fed rate hike soon faded.

Stocks trending include Dollar General, Boeing, JD.com, Broadcom, and UnitedHealth after earnings reports.