Dow Jones today: Index slips as Trump’s 10% credit-card cap hits banks, Powell subpoena clouds the Fed
The Dow Jones Industrial Average slipped about 100 points, or 0.2%, by midday as financial stocks fell after President Trump proposed a one-year 10% cap on credit-card rates. American Express and Visa led losses. Fed Chair Jerome Powell faced political pressure and possible indictment over testimony on a renovation project. Investors await Tuesday’s U.S. inflation report and major bank earnings.