美股高位回调，金融股遭“信用卡利率上限”重击！摩根大通、Visa跌超4%，CPI黏性制约降息预期、分析师警示二次通胀风险

Market Overview - On January 13, U.S. stock markets experienced a correction, with all three major indices closing lower. The Dow Jones Industrial Average fell by 398.21 points, a decline of 0.8%, closing at 49,191.99 points. The S&P 500 index decreased by 0.19%, ending at 6,963.74 points, while the Nasdaq Composite index slightly dropped by 0.1%, closing at 23,709.87 points [1][2]. Sector Performance - The technology sector showed a mixed performance, with a notable divergence. Intel was a standout performer, with its stock price rising over 7%, reaching a nearly two-year high. AMD also saw a 6.39% increase, contributing to a 0.95% rise in the Philadelphia Semiconductor Index, which achieved a record closing high [2]. - Conversely, major tech giants like Meta, Amazon, and Microsoft experienced declines of over 1%, while Tesla saw a slight drop of 0.39%. The Nasdaq 100 index for U.S. tech giants ultimately fell by 0.22%, indicating internal discrepancies regarding earnings expectations and industry policies [3]. Financial Sector Challenges - The financial sector faced dual pressures from disappointing earnings and policy concerns. JPMorgan Chase reported adjusted revenues of $46.77 billion and net profits of $13 billion for Q4 2025, exceeding market expectations. However, weak performance in investment banking, with revenues of $2.35 billion down 5% year-over-year, was a significant shortfall [5][6]. - The announcement of a proposed 10% cap on credit card interest rates by President Trump raised concerns about potential impacts on bank profits and consumer credit availability. This led to a 4.23% drop in JPMorgan's stock, with Visa and Mastercard also declining by 4.41% and 3.79%, respectively. The S&P 500 financial sector fell by 1.84%, and the KBW Bank Index decreased by 1.3%, marking the largest two-day drop since mid-November [6]. Chinese Stocks Performance - Chinese stocks continued to face pressure, with the Nasdaq China Golden Dragon Index declining by 1.86%. Most stocks in this sector were in the red, with notable declines from companies like WeRide and Pony.ai, which fell over 10% and 9%, respectively. Pinduoduo dropped 5.4%, while NIO and Xpeng saw declines exceeding 3%. Alibaba was one of the few exceptions, rising slightly by 0.42% [6]. Commodity Market Highlights - In the commodities market, silver prices surged, reaching a historical high of $89.12 per ounce, with COMEX silver futures also setting records. The global silver market is expected to face a supply-demand gap exceeding 100 million ounces in 2025, continuing a trend of supply shortages for the fifth consecutive year [8]. - Gold prices experienced a mild pullback, settling around $4,588 per ounce, while international oil prices rose to their highest levels since October, with WTI crude oil increasing by 2.77% to $61.15 per barrel due to geopolitical risks [10].