Wall Street falls with financials amid credit card rate plan concern

Helping to limit the day's decline, a report early in the day showed ‌that a reading ‌on U.S. inflation for December came in as expected, leaving intact market expectations for Shares of Visa fell 4.5%, Mastercard dropped 3.8% and the financial sector fell 1.8%, leading declines in the S&P 500. Shares of JPMorgan ended down 4.2%. The bank reported a better-than-expected quarterly profit but also a drop in investment banking fees. "Financials are getting hit by Trump's credit-card proposal," said Tim ‌Ghri ...