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<US>3 Key US Stock Indices Close Lower; DJIA Slips 398 Pts as JPM, Visa Lead Financials Down
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US December inflation came in milder than expected, weighing down on all three major US stock indices on Tuesday. The DJIA finished down 398 points or 0.8%, at 49,191; the S&P 500 fell 13 points or 0.2%, to 6,963; and the Nasdaq inched down 24 points or 0.1%, to 23,709. JPMorgan (JPM.US) saw its stock slump by 4.2% despite better-than-expected results last quarter, as US President Donald Trump's proposal to cap credit card interest rates at 10% affected bank stocks. Goldman Sachs (GS.US) also dipped over 1%, while other financials like Mastercard (MA.US) and Visa (V.US) shed more than 3% and 4% respectively, making them two of the worst performers of the day. Intel (INTC.US), being the best performer of the Nasdaq, soared 7.3%; AMD (AMD.US) spiked 6.4%. Alphabet (GOOG.US) continued to thrive, up over 1%. Meta (META.US) sank 1.7% as Reality Labs laid off about 10% of its staff. AASTOCKS Financial News Website: www.aastocks.com |
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