Dow Jones today: Index slips as Trump’s 10% credit-card cap hits banks, Powell subpoena clouds the Fed
NEW YORK, January 12, 2026, 12:34 EST — Regular session. The Dow Jones Industrial Average slipped roughly 100 points, or 0.2%, near midday. The S&P 500 held steady, and the Nasdaq edged up slightly. (Investing.com) Sentiment turned as new political pressure mounted on the Federal Reserve—something traders usually overlook until it becomes unavoidable. Fed Chair Jerome Powell is now grappling with possible indictment linked to his testimony about a renovation project, though he has publicly denied any wrongdoing. (Reuters) Financial stocks slid as President Donald Trump proposed a one-year 10% cap on credit-card interest rates beginning Jan. 20, which could