Today: 23 May 2026
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NYSE:BAC 3 January 2026 - 12 January 2026

JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

JPMorgan shares dropped about 2% Monday after Donald Trump proposed capping credit card interest rates at 10% for one year. Analysts questioned the legal path for such a cap, noting it would require congressional action. Other major banks also fell, with Capital One down nearly 7%. Investors are watching JPMorgan’s Tuesday earnings for commentary on consumer credit trends.
US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

S&P 500 and Nasdaq 100 E-minis fell 0.66% and 0.88% premarket after President Trump called for a 10% cap on credit card interest rates. Financial stocks led declines, with Citigroup down nearly 4% and American Express off 5%. Federal Reserve Chair Powell said the Justice Department issued grand jury subpoenas to the Fed over his Senate testimony. Walmart rose 3% ahead of its Nasdaq-100 debut.
Bank of America stock: Trump’s 10% credit-card rate cap call hits ahead of BAC earnings

Bank of America stock: Trump’s 10% credit-card rate cap call hits ahead of BAC earnings

President Donald Trump announced a one-year 10% cap on credit card interest rates starting Jan. 20, but gave no enforcement details. Bank of America shares slipped 0.6% to $55.85 Friday as banks warned the cap could reduce credit. Bank of America will redeem $3 billion in senior notes on Jan. 20. U.S. equity markets closed Sunday; traders await Monday’s reaction and upcoming Q4 bank earnings.
Bank of America stock: Trump’s 10% card-rate cap and India probe hang over earnings week

Bank of America stock: Trump’s 10% card-rate cap and India probe hang over earnings week

Bank of America shares fell 0.7% to $55.85 Friday after Donald Trump proposed a one-year 10% cap on credit card interest rates. The bank is set to report fourth-quarter results Jan. 14. India’s regulator accused a Bank of America unit of insider-trading violations in a 2024 share sale; the bank is seeking to settle without admitting guilt. Bank of America will redeem $3 billion in senior notes on Jan. 20.
10 January 2026
JPMorgan Chase stock slips after hours as Apple Card switch sharpens focus on next week’s earnings

JPMorgan Chase stock slips after hours as Apple Card switch sharpens focus on next week’s earnings

JPMorgan Chase shares slipped 0.2% to $329.19 in after-hours trading Friday after the bank agreed to take over the Apple Card from Goldman Sachs, booking a $2.2 billion provision for credit losses. The transition is expected to take up to 24 months, pending regulatory approval. JPMorgan will report earnings Tuesday, as investors watch for signs of rising credit costs and trading trends.
S&P 500 2026 Forecast: 7,490 Target Meets a Data Test as Earnings Season Nears

S&P 500 2026 Forecast: 7,490 Target Meets a Data Test as Earnings Season Nears

The S&P 500 closed at 6,944.82, up 0.62%, while the Dow hit a record. SanDisk surged over 27% and Western Digital gained 17% after Nvidia’s CES appearance. Labor data including JOLTS and payrolls are due this week, with CPI and JPMorgan Chase earnings set for Jan. 13. A Reuters poll shows most strategists expect a 2026 market correction and S&P 500 at 7,490 by year-end.
Dow Jones breaks above 49,000 in record close as chip-led rally rolls on

Dow Jones breaks above 49,000 in record close as chip-led rally rolls on

The Dow Jones closed above 49,000 for the first time Tuesday, ending at 49,462.08, up 1%. Chip and healthcare stocks led gains, with Moderna jumping nearly 11% and the PHLX semiconductor index hitting a record. Data-storage shares surged, while Nvidia and AMD slipped after CES presentations. Investors await Wednesday’s JOLTS and Friday’s U.S. jobs report for rate clues.
Bank of America stock edges higher after Barclays target hike as earnings near

Bank of America stock edges higher after Barclays target hike as earnings near

Bank of America shares rose 0.4% to $57.15 midday Tuesday after Barclays and JPMorgan raised their price targets. Citigroup gained 0.5%, Wells Fargo slipped 0.4%, and JPMorgan was flat. Investors await Friday’s U.S. jobs report and Bank of America’s Jan. 14 earnings for direction. Morgan Stanley filed to launch bitcoin and solana ETFs as banks expand into digital assets.
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Stock Market Today

  • S&P 500 Faces 30% Crash Risk; Four Market Sectors Show Bubble Signs
    May 23, 2026, 1:10 PM EDT. The S&P 500 index has a 30% probability of a crash within the next two years, according to recent market assessments. Investors are increasingly concerned about frothy conditions in four key sectors, marked by high valuations and speculative buying. Notably, despite Nvidia's prominent tech bubble reputation, it isn't the largest market bubble currently. The report highlights the need for caution as inflated valuations could trigger corrections. Understanding which sectors are overvalued could help investors navigate potential downturns in the coming period.

Latest articles

Fervo Energy shares climb 42% post-IPO, focus turns to power delivery

Fervo Energy shares climb 42% post-IPO, focus turns to power delivery

23 May 2026
Fervo Energy shares fell 9.76% Friday to $38.35, but remain 42% above their $27 IPO price. The company, now valued near $12.4 billion, faces its next milestone at the Cape Station geothermal project in Utah, set to begin supplying power by October 1. U.S. markets are closed through Memorial Day, with trading to resume Tuesday.
Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Wall Street’s Eighth Straight Weekly Gain Faces Inflation Data Test

23 May 2026
The S&P 500 logged its eighth consecutive weekly gain, while the Dow closed at a record 50,579.70 on Friday. U.S. markets will be closed Monday for Memorial Day. Treasury yields fell, with the 10-year at 4.558%. Investors await Thursday’s PCE inflation data amid persistent concerns over inflation and Middle East tensions.
SSI Payment Rule May Reduce Checks for 400,000 Americans

SSI Payment Rule May Reduce Checks for 400,000 Americans

23 May 2026
A proposed Social Security Administration rule would tighten eligibility for Supplemental Security Income by removing SNAP benefits from the public assistance household test, potentially reducing or ending payments for nearly 400,000 disabled and older Americans. The rule, under White House review, would reverse a 2024 policy and restore stricter standards for counting household income.
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