# US benchmark indices gave up earlier inflation-led gains to close lower on Tuesday.

*business · news · 2026-01-13 · scanx.trade*

## Key points

- Trump's proposal to cap credit card interest rates at 10% hurt financial stocks significantly.
- JPMorgan's stock fell 4% after investment banking revenue missed expectations despite overall earnings beat.
- Visa and Mastercard stocks dropped 4.5% and 3.8% respectively on fears of regulatory changes.
- Brent crude oil surged to nearly $66 per barrel following Trump's comments on Iranian protests.

**Companies:** JPMorgan, Goldman Sachs, Bank of America, Citigroup, Wells Fargo
**Countries:** United States, India

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/global/dow-jones-falls-400-points-as-financial-stocks-drag-markets-lower-oil-rallies-on-iran-concerns/29892767)

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