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NYSE:V News 12 January 2026 - 13 January 2026

Dow Jones drops nearly 400 points as credit-card cap fears hit banks, Visa and Salesforce drag

Dow Jones drops nearly 400 points as credit-card cap fears hit banks, Visa and Salesforce drag

New York, Jan 13, 2026, 17:02 EST — After-hours The Dow Jones Industrial Average fell 398.21 points, or 0.8%, to 49,191.99 on Tuesday, easing from Monday’s record close as Wall Street weighed fresh policy risk for consumer credit and the first wave of big earnings. The S&P 500 slipped 0.2% and the Nasdaq fell 0.1%. (AP News) It matters because the Dow had just printed a record and the market is leaning hard on earnings to keep the rally honest. Big banks are first up, and they are also the ones most exposed when Washington starts talking about credit-card rates.
13 January 2026
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Wall Street Slips as Trump Credit-Card Cap Plan Hits Banks; CPI Holds at 2.7%

Wall Street Slips as Trump Credit-Card Cap Plan Hits Banks; CPI Holds at 2.7%

New York, Jan 13, 2026, 16:50 EST U.S. stocks ended lower on Tuesday, led by a drop in financial shares after JPMorgan executives warned that President Donald Trump’s proposed cap on credit-card interest rates could squeeze lending. The Dow Jones Industrial Average fell 394.97 points, or 0.81%, to 49,195.23, while the S&P 500 lost 0.20% to 6,963.30 and the Nasdaq Composite slipped 0.10% to 23,711.20, preliminary data showed. Visa and Mastercard slid, and “Financials are getting hit by Trump’s credit card proposal,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. (Reuters) Trump’s one-year 10% cap
13 January 2026
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Visa stock slides nearly 5% as Trump’s credit-card rate cap plan hits payment networks

Visa stock slides nearly 5% as Trump’s credit-card rate cap plan hits payment networks

New York, Jan 13, 2026, 16:17 EST — After-hours Visa (NYSE: V) shares dropped nearly 5% Tuesday after President Donald Trump proposed a one-year cap on credit-card interest rates, intensifying pressure on the payments sector. (Reuters) Visa fell 4.5% to $327.90. The drop signals growing concern that Washington is moving beyond mere talk and gearing up to take action against the card industry—a sector usually driven by spending patterns and regulatory threats. Last week, Trump proposed a 10% cap on rates but didn’t specify enforcement details. Wall Street experts say passing such a cap would probably need new legislation. A
13 January 2026
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Wall Street slips on JPMorgan warning as December inflation holds at 2.7% — Visa, Mastercard tumble

Wall Street slips on JPMorgan warning as December inflation holds at 2.7% — Visa, Mastercard tumble

NEW YORK, January 13, 2026, 14:57 (EST) U.S. stock indexes slipped on Tuesday as financials dragged after JPMorgan warned that a proposed cap on credit-card interest rates could hit consumers, hammering payment stocks. At 11:28 a.m. ET, the Dow Jones Industrial Average was down 338.22 points, or 0.68%, the S&P 500 fell 0.29% and the Nasdaq Composite dropped 0.21%. Visa slid 4.7% and Mastercard sank 5.3%, and traders still priced in at least two 25-basis-point cuts later this year (a quarter of a percentage point); “The Fed is likely to take its time and absorb more data,” said Skyler Weinand,
13 January 2026
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Ingenico’s WalletConnect tie-up brings stablecoin payments to in-store checkout

Ingenico’s WalletConnect tie-up brings stablecoin payments to in-store checkout

New York, Jan 13, 2026, 14:41 (EST) Payments terminal provider Ingenico announced Tuesday a partnership with WalletConnect Pay, enabling shoppers to use stablecoins at checkout and bringing crypto-style payments to everyday retail. (ingenico.com) Stablecoins are digital tokens meant to maintain a stable value, typically pegged to a currency like the U.S. dollar. Until now, they’ve mostly stayed within crypto markets. Still, payments companies are pushing them as tools to speed up transfers and reduce costs, particularly for cross-border payments. The deal comes as payments and crypto players zero in on stablecoins as a payments “rail” — a back-end channel rather
13 January 2026
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Dow Jones Industrial Average drops from record as JPMorgan, Visa slide — what Wall Street watches next

Dow Jones Industrial Average drops from record as JPMorgan, Visa slide — what Wall Street watches next

New York, January 13, 2026, 13:39 EST — Regular session underway. The Dow Jones Industrial Average dropped 0.67% to 49,256.12 on Tuesday, dragged down by financial stocks as investors digested an inflation report that kept the rate-cut discussion open. U.S. crude climbed 2.67% to $61.09 a barrel, with Iran unrest sending oil prices to their highest in weeks. (Reuters) The benchmark entered the session close to record levels, having just hit an all-time high Monday. Investors shrugged off renewed doubts about the Federal Reserve’s independence. Peter Cardillo, chief market economist at Spartan Capital Securities, noted that “the market is taking
13 January 2026
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Mastercard stock slides as Trump’s 10% credit-card rate cap talk hits payments shares

Mastercard stock slides as Trump’s 10% credit-card rate cap talk hits payments shares

New York, Jan 13, 2026, 12:47 PM EST — Regular session Shares of Mastercard Incorporated slipped roughly 4.5% to $540.94 by midday Tuesday, underperforming the broader market as investors offloaded payment and card-linked stocks for the second day running. The drop came amid fresh concerns about President Donald Trump’s plan to cap credit-card interest rates at 10%. JPMorgan flagged that such a limit might pressure consumers and tighten credit availability. Visa also fell in early trading. (Reuters) This is important now as the market wrestles with pricing in policy risk for a financial sector segment long seen as stable: card
13 January 2026
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Visa stock tumbles 5% as Trump’s 10% credit-card rate cap plan jolts payment stocks

Visa stock tumbles 5% as Trump’s 10% credit-card rate cap plan jolts payment stocks

New York, Jan 13, 2026, 10:53 AM ET — Regular session Shares of Visa (V) dropped 5.1% to $325.85 by late morning Tuesday, deepening a selloff in payment stocks sparked by President Donald Trump’s call for a one-year cap on credit card interest rates. The proposal has shifted “headline risk” throughout the card ecosystem right as major U.S. banks kick off earnings season and investors hunt for signs of a slowdown in consumer credit. This is crucial for Visa, which earns revenue from payment volumes, while card issuers’ readiness to offer credit influences overall spending trends. (Reuters) The stakes are
13 January 2026
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Dow Jones today: DJIA slips from record as Visa and banks weigh after CPI

Dow Jones today: DJIA slips from record as Visa and banks weigh after CPI

New York, January 13, 2026, 10:01 EST — Regular session underway. The Dow Jones Industrial Average dropped 307 points, or 0.6%, to 49,283 in early trading Tuesday, down from its 49,616 open. Visa tumbled close to 4%, and JPMorgan lost over 2%, while Intel climbed nearly 6%, according to Investing.com data. The pullback caught attention after the Dow hit a record close. Investors are weighing if easing inflation will outweigh volatile earnings reports and new political chatter surrounding the Federal Reserve. U.S. consumer prices edged up 0.3% in December, pushing the annual increase to 2.7%, Reuters reported. Core CPI, which
13 January 2026
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American Express stock sinks after Trump’s 10% credit-card rate cap idea — what AXP investors watch next

American Express stock sinks after Trump’s 10% credit-card rate cap idea — what AXP investors watch next

New York, Jan 12, 2026, 17:50 ET — Trading after hours. American Express shares fell 4.3% in after-hours trading Monday, following President Donald Trump’s call for a one-year cap on credit card interest rates at 10%. The stock last changed hands at $359.59, down $16.10 from its previous close, after dipping as low as $355.50 earlier in the session. (Reuters) The concern is straightforward: card lenders earn big when users carry balances, and a strict cap would quickly crush those profits. The selloff dragged down the entire credit sector, with Synchrony Financial, Bread Financial, and Capital One sliding 8% to
13 January 2026
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Visa stock drops after Trump revives 10% credit-card rate cap plan; what’s next for V

Visa stock drops after Trump revives 10% credit-card rate cap plan; what’s next for V

New York, Jan 12, 2026, 5:11 PM EST — After-hours Visa Inc. shares dropped further in after-hours trading Monday, following a daytime slump as investors dumped card and payments stocks. The selloff came after President Donald Trump advocated a 10% ceiling on credit-card interest rates. Visa fell 1.8%, closing at $343.20. This move hits the market with a stark policy signal right as banks kick off their quarterly earnings season and investors wrestle with predicting U.S. consumer credit trends for 2026. The chatter around a cap throws a wider uncertainty over the entire card ecosystem — from lenders and networks
12 January 2026
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Capital One stock drops on Trump’s 10% credit-card rate cap talk as $425 million depositor settlement advances

Capital One stock drops on Trump’s 10% credit-card rate cap talk as $425 million depositor settlement advances

New York, Jan 12, 2026, 16:33 EST — After-hours Shares of Capital One Financial dropped 6.4% to $233.20 in after-hours trading Monday, dragged down by a widespread selloff among credit-card lenders. The slide followed President Donald Trump’s call to impose a 10% cap on credit-card interest rates for one year. (Reuters) The proposal targets Capital One’s main revenue driver: interest on revolving credit-card balances. It comes as the company grapples with new developments in a long-standing fight with depositors over interest rates on certain savings accounts. (Reuters) On Friday, Trump urged for the cap to start on Jan. 20 but
12 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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