U.S. stocks opened, with the Dow down 300 points and bank stocks generally declining

Jan 12, 2026 22:31:40

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According to Jinshi reports, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell by 300 points, the S&P 500 index dropped by 0.4%, and the Nasdaq Composite Index decreased by 0.39%. Trump called for setting a cap on credit card interest rates at 10%, leading to a decline in bank stocks, with JPMorgan down 2.2% and Citigroup down 2.9%. Meanwhile, the Nasdaq Golden Dragon China Index rose by 1.6%, Kingsoft Cloud increased by 16%, and Alibaba went up by 4.9%.

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