S&P 500 Tech Slide Masked 0.76-Point Shift—Banks in Focus as Results Loom

S&P 500 dropped 0.8% Monday as chip stocks tumbled and oil spiked nearly 10%, shaking risk appetite. But the bigger story for investors was under the surface: the index’s equal-weight version slipped just 0.03%. A big financials ETF moved up 0.65%, while its tech fund counterpart fell 2.42%. The 0.76 point gap between the main and equal-weight S&P suggested big caps were rotating, not dumping stocks.

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Financial services stocks brace for “jobs + CPI” week after XLF jumps — here’s what traders watch

Financial services stocks brace for “jobs + CPI” week after XLF jumps — here’s what traders watch

Financial services names in the U.S. caught a bid going into the weekend, with the Dow breaking past 50,000 for the first time. Goldman Sachs rallied 4.3%, fueling the move. “What’s driven it recently has been the broadening that we have seen in the market … other than just the tech, AI trade,” said Horizon Investment Services CEO Chuck Carlson.
8 February 2026
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Financial services stocks face a Tuesday test as Trump’s 10% credit-card cap deadline nears

Financial services stocks face a Tuesday test as Trump’s 10% credit-card cap deadline nears

Financial services stocks reopened Tuesday amid uncertainty over card lenders. President Donald Trump has proposed capping credit card interest rates at 10% for one year starting Jan. 20, though he didn’t specify how it would be enforced. Banks quickly pushed back, warning that tighter credit could result. JPMorgan Chase CFO Jeremy Barnum said broad price caps would cause people to “lose access to credit.” Currently, average credit card rates hover around 22%, while U.S. card balances hit $1.23 trillion in Q3. A Vanderbilt University study suggests a 10% cap might save consumers $100 billion annually.
19 January 2026
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