Stocks mixed with tech hit on China memory competition – Newsquawk US Market Wrap
October 12, 2026- SNAPSHOT: Equities mixed, Treasuries closed, Crude up, Dollar up, Gold down.
- REAR VIEW: Saudi Energy Ministry expects it will take 2-3 years to increase oil pipeline capacity to 10mln BPD; SBUX said it is not buying CMG; LVMH earnings underwhelm; Fed’s Hammack strikes usual hawkish tone; Trump announced an agreement with Putin to lift sanctions on Russian diesel exports; Houthis struck Riyadh airport & Trump reportedly considered joining the Saudis in striking the Houthis.
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