Oil Spikes to $107; Bank Earnings in Focus | WEEX TradFi Daily Brief (October 13, 2026)

Today’s Digest

• Stock indexes were mixed on October 12, with the Dow higher while the S&P 500 and Nasdaq fell as semiconductors, optical networking and memory stocks weakened.
• Brent crude rose to $107.25 per barrel intraday, its highest level since September 16, as supply concerns and inflation expectations pressured risk assets.
• Bitcoin briefly touched $84,254 before retreating.
• October 13 focuses on Apple’s “Welcome Home” smart-home event and major bank pre-market earnings.

1 Crypto Highlights

1）Bitcoin Briefly Rises to $84,348 Before Pulling Back as Oil and Inflation Expectations Weigh

Bitcoin briefly rose to $84,348 on Monday before retreating, with the drawdown reaching about 2.2% and the price now near $82,200. QCP Capital noted that the options market remains both cautious and selectively bullish. A sustained break above $87,000 could point toward $94,000, while roughly $180 million in sell liquidity sits near $84,500 and buy support remains around $82,000.

Watchlist: BTC, ETH
Spot: BTC / ETH
Futures: BTC / ETH

2）Wormhole (W) Pulls Back with the Broader Market After W 2.0 Progress

Wormhole advanced its W 2.0 tokenomics, introducing reserves, staking yields and a biweekly unlock mechanism, while completing Hyperliquid HYPE multi-chain deployment and institutional-grade integrations such as Ripple RLUSD. Recent catalysts supported a rally, but the token has pulled back with the broader market and now trades around $0.019–$0.024. Cross-chain narratives and institutional integrations remain medium-term supports, though near-term price action still follows broader market volatility.

Watchlist: W
Spot: W
Futures: W

3）Reserve Rights (RSR) Jumps Nearly 20% in 24 Hours on Regional Trading Momentum

RSR rose nearly 20% in 24 hours as regional trading sentiment strengthened, with the token now near $0.002. Higher turnover helped push prices up, but without a clear new fundamental catalyst, the move remains vulnerable to profit-taking after the spike. Traders should watch liquidity changes and whether the short-term premium can hold.

Watchlist: RSR
Spot: RSR
Futures: RSR

2 Stock Highlights

1）Stock Indexes Mixed as Semiconductors, Optical Networking and Memory Stocks Weaken

Stock indexes diverged on October 12, with the Dow up about 0.4%, the S&P 500 down roughly 0.1% and the Nasdaq down about 0.4%. Optical-networking names led declines, memory stocks softened and semiconductors fell broadly, with the Philadelphia Semiconductor Index down about 2.7%. Weaker-than-expected OpenAI revenue raised concerns over slower AI infrastructure spending, while higher oil prices lifted inflation pricing and pushed capital out of high-beta technology. The next checkpoints are today’s bank earnings and upcoming inflation data for QQQ and SOXL.

Watchlist: QQQ, SOXL, MU
Spot: QQQ / SOXL / MU
Futures: QQQ / SOXL / MU

2）Apple (AAPL) Rises Against the Tape Ahead of “Welcome Home” Event

Apple rose more than 1.2% in early trading, approaching record highs. The company is set to host its “Welcome Home” event on October 13, with expectations for a new Apple TV 4K, HomePod mini and a new home hub device. Chip upgrades may add new capabilities to the home product line. Investors are focused on edge-AI monetization and the device upgrade cycle, while also watching for post-event “sell the news” volatility.

Watchlist: AAPL
Spot: AAPL
Futures: AAPL

3）Microsoft (MSFT) Hits Near One-Year High, Unveils Maia 300 Chip

Microsoft shares touched a near one-year high, with market value back above $4 trillion. The company plans to increase the share of proprietary AI chips used in data centers to reduce reliance on external GPUs, using the Maia architecture to process model requests and support gigawatt-scale compute deployment. On Monday, it unveiled the third-generation Maia 300 accelerator, expected to enter production in 2027. Each rack can hold 96 chips, double the prior generation, with up to seven times the AI token throughput per rack versus GPUs and roughly 40% higher token throughput per megawatt. Cost reduction and performance gains support the stock, while production timing remains the key watchpoint.

Watchlist: MSFT
Spot: MSFT
Futures: MSFT

4）Crude Climbs to $107 as Energy Stocks Show Relative Resilience

Brent crude rose more than 2.4% on Monday, reaching $107.25 per barrel intraday, its highest level since September 16; WTI traded near $93. Attacks on energy facilities and merchant vessels near key shipping routes intensified concerns over transport disruption. Technical analysis points to a bullish inverse head-and-shoulders pattern on the daily chart, with a sustained break above $110 opening room for further upside. Higher oil prices reinforced inflation concerns, while energy stocks showed relative resilience and gold and silver came under pressure.

Watchlist: CRUDEOIL, XLE, CL, BZ
Spot: CRUDEOIL
Futures: XLE / CL / BZ

3 Today’s Preview

October 13 focuses on Apple’s smart-home event and pre-market earnings from major banks. Investors will watch smart-home product pricing and AI features, along with bank net interest margins and credit quality.

1）JPMorgan (JPM), Goldman Sachs (GS), Wells Fargo (WFC), Citigroup (C) — October 13 Pre-Market

Market expectations point to JPM EPS of about $5.90 on revenue of about $51.7 billion; GS EPS of about $14–$15; WFC EPS of about $1.80–$1.90; and C EPS of about $2.60–$2.70. Key areas include credit provisions, capital returns and the impact of the interest-rate path on net interest margins. The start of bank earnings season will provide a pricing anchor for financial stocks.

Watchlist: JPM, GS, WFC, C
Spot: JPM / GS / WFC / C
Futures: JPM / GS / WFC / C

2）Johnson & Johnson (JNJ), UnitedHealth (UNH) — October 13 Pre-Market

Market expectations point to JNJ EPS of about $2.50–$2.60 and UNH EPS of about $4.20. Investors will track medical cost ratios and full-year guidance, with results likely to shape sentiment across the healthcare sector.

Watchlist: JNJ, UNH
Spot: JNJ / UNH
Futures: JNJ / UNH

Trade Global Markets on WEEX

WEEX offers stock spot products and USDT-margined stock futures, making it easier to track global market themes from one platform.
Trade Now: WEEX Stock Products

WEEX TradFi also helps users follow cross-market themes across stocks, commodities, forex and indexes.
Explore TradFi: WEEX TradFi

WEEX Proof of Reserves

WEEX provides a proof-of-reserves page for users to review reserve and asset-backing information.
View WEEX Proof of Reserves: Proof of Reserves