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US benchmark indices gave up earlier inflation-led gains to close lower on Tuesday.
Trump's proposal to cap credit card interest rates at 10% hurt financial stocks significantly.
KEY POINTS
- 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
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