Wall Street ends lower, led by drop in Nasdaq, with tech, banks falling
FortinetFortinet(US:FTNT) The Economic Times·2026-01-15 01:59

Citigroup and Bank of America shares also fell, even after the companies beat Wall Street estimates for fourth-quarter profit. Financials including the banks, which were ‌up sharply in 2025, have fallen this week amid concerns over U.S. President Donald Trump's proposed cap on credit-card interest rates, which JPMorgan executives warned could squeeze consumers and hurt financial sector profits. "After a nice run, and so-so or mediocre earnings, you're seeing profit-taking and consolidation" in the banks, s ...